Luckin Coffee Inc (LKNCY)

[food4thought]

As volatile as LK has been, I would think so. Buy the dips has worked here. Not saying it will continue, but massive swings on heavy volume has been the norm since coming off the halt.

Clearly the gap fill is to the upside but the delisting clearance looms. I wouldn’t concern myself over the US regulatory push on Chinese companies. It’s real, but shouldn’t force a ticker removal of LK with all the big banks and US monies in this company. Those are forward looking political jousting statements that will take months to enforce if not longer.

I don’t offer trading advice, I just call it as I see it and I see LK with a lot of room to the upside. Watch the open, if it runs premarket, wait on a dip. If it opens lower than current price with a sell-off, wait for support near low 4’s, which imo, would create a buying/scalp opportunity.

GL however you play it.