Looks like it might be coming back, will see if it can get back above the 50 MA. It's close but will also need to stay above it. Might see a bounce back up toward 40 (late Dec high) in the near term, which is the first resistance level, but just a guess.
But playing around with Chinese stocks right now seems like an unnecessary risk to take. This coronavirus situation could take a while to play out, even if it's just a regular virus and not an engineered bioweapon (see previous posts).
I see you follow some of the alternate energy areas. Biomass is one area that hasn't seemed to gain traction yet, but I'd be interested in hearing your perspectives -
>>> Luckin Coffee Inc. (LK) engages in the retail sale of freshly brewed drinks, and pre-made food and beverage items in the People's Republic of China. It offers freshly brewed drinks, including freshly brewed coffee and non-coffee drinks; and food and beverage items, such as light meals. The company operates pick-up stores, relax stores, and delivery kitchens under the Luckin brand, as well as Luckin mobile app, Weixin mini-program, and other third-party platforms that cover the customer purchase process. As of March 31, 2019, it operated 2,370 stores, including 2,163 pick-up stores, 109 relax stores, and 98 delivery kitchens in 28 cities in the People's Republic of China. The company was founded in 2017 and is based in Xiamen, the People's Republic of China. <<<
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