Luckin Coffee has had some wild swings the past two weeks. However the current midlong trend is quite modest at the moment. Sell spikes and buy back when it hits the middle or lower part of the trend channel.
Note
Crazy dip due to panic about Chapter 15 filing. Easy buy here. 10.5$ close very likely.Note
Not sure if a new channel is forming or this will jump back into the old channel. Keeping an eye out. For now 7.60$ is forming as support level.Trade closed manually
Trend broke, turned bearish
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.