Luckin Coffee Inc (LKNCY)

[CycleTrade]

The levels of Resistance are.....

10.60 - April 2020 Bounce High
11.87 - 38.2 Fib retrace from March 2020 Minor Breakdown High
13.70 - April 2019 Low - Post IPO
15.24 - 50.0 Fib retrace from March 2020 Minor Breakdown High
16.90 - SIGNIFICANT LEVEL - 38.2 Fib Retrace of April Major Break High and June 2019 Support Level that was broken on Gap Down
17.84 - SIGNIFICANT LEVEL - Part of that same Support Level
18.61 - 61.8 Fib Retrace of March 2020 Minor Breakdown High
21.65 - March 2020 Low and 50.0 Fib Retrace of April Major Break High
25.00 - April 2020 Low the day before the Gap Lower and that JUST HAPPENED TO BE THE SAME PRICE OF THE IPO