April 7 2020
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Back Group
Luckin founded in June 2017, at IPO, it had attracted a number of prominent U.S. investors, including hedge funds.
Like others in the industry, the company has been hit hard by the coronavirus epidemic. In late January, it was forced to temporarily close an estimated 200 coffee shops in the central Chinese city of Wuhan as well as many in other cities.
Interesting
Shares of Luckin sank as much as 81% on Thursday in New York after it said the investigation had found that fabricated sales from the second quarter of 2019 to the fourth were about 2.2 billion yuan ($310 million). …
Why?
Hold no position and worry free.
LK Luckin Coffee Inc Charting
Study Luckin Coffee Inc Daily stock chart price action.
Look left and think right. Manage your expectation.
See chart, picture worth a thousand words.
Study support resistance.
Price Action tested 50 dollars and fail. Followed abcd pattern.
Manage your risk.
Moses Stock Observation
AmiBrokerAcademy.com
Disclaimer
The above result is for illustration purpose. It is not meant to be used for buy or sell decision. We do not recommend any particular stocks. If particular stocks of such are mentioned, they are meant as demonstration of Amibroker as a powerful charting software and MACD. Amibroker can program to scan the stocks for buy and sell signals.
These are script generated signals. Not all scan results are shown here. The MACD signal should use with price action. Users must understand what MACD and price action are all about before using them. If necessary you should attend a course to learn more on Technical Analysis (TA) and Moving Average Convergence Divergence, MACD.
Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here. It should be used as learning aids only and if you decide to trade real money, all trading decision should be your own.