Luckin Big Trouble - Chart Tells Us Everything We Need to Know
- Currently in a trading halt. Still operating stores in China.
- Chinese company which has been accused of manipulating their financial reports.
- This is lesson to keep in mind - there is indeed a higher operational and fraud risk in Emerging markets which needs to be managed. This is why technical analysis is also so important. Luckin dropped out of its main trend - pitchfork and gave investors some idea to get out. It easy in hindsight to see this but that is why we strongly believe in trend and momentum analysis.
- The parallel lines have identified the bottom very nicely and also set the scene for possible future price action if the trading ban is lifted.
- Chinese company which has been accused of manipulating their financial reports.
- This is lesson to keep in mind - there is indeed a higher operational and fraud risk in Emerging markets which needs to be managed. This is why technical analysis is also so important. Luckin dropped out of its main trend - pitchfork and gave investors some idea to get out. It easy in hindsight to see this but that is why we strongly believe in trend and momentum analysis.
- The parallel lines have identified the bottom very nicely and also set the scene for possible future price action if the trading ban is lifted.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.