
Good move will be appeared after break through 0.786 Fan downtrend fan line.
Luckin Coffee Inc.
Block A, Tefang Portman Tower
17th Floor No. 81 Zhanhong Road Siming District
Xiamen 361008
China
86 59 2338 6666
http://www.luckincoffee.com
Sector: Consumer Cyclical
Industry: Restaurants
Full Time Employees: 10,753
Luckin Coffee Inc. 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.

Good move will be appeared after break through 0.786 Fan downtrend fan line.

15 min chart. Bottom level is 3.2.

An ideal entry point is cross over downward resistance fan line and go over 3.2/423.60% bottom level.

5 min chart.

1 min chart view, crossed over with 2.52 and 0.236 downward fan line can be an ideal entry point.

Bottom is 3.2/261.80% but not below than. I used Fibonaci 3 points to find bottom.