Replies to post #1955 on Luckin Coffee Inc (LKNCY)

[TraderRich]

IF it goes higher it's going to find resistance at 7.05 - 7.35. IF it pulls back more it will find support around 4.06. If that doesn't hold it will find support around 3.42. If it finds support around one of those price points, it will consolidate and move back up to the 7.05 - 7.35 range within approximately a two week period. From there it will launch to a price of $13 - 13.37. If it continues higher from there it will eventually reach resistance around 15.43, and if it pushes higher it will get to a price range of around 18.30 -18.76 before finding more resistance.

On the other hand, if instead the aforementioned 3.42 support fails then your last hope is 2.74. IF that doesn't hold longs are going to be an unhappy bunch. IMO

I'd go on but the future gets fuzzier the further out I look.

;)

[food4thought]

Joker insight. Left in the game. Bwwhaaaaahaaaa

[AllinFun]

But then again you also told us here on this board that it was done for back at the absolute bottom $2.05 and to sell because it was headed under $1. So I guess take that for what it’s worth.