Caveat emptor with this one - a big fraud/accounting scandal
several months ago in this Chinese formerly high-flying retail
coffee purveyor. There is undoubtedly lots of overhead selling
pressure on any bounce. But, energy is building after a basing
period and there looks to be positive divergence.
Coil on Luckin Coffee 60-min
Posted by CopperMtn on 28th of Aug 2020 at 09:25 am
Coil on Luckin Coffee 60-min chart
Caveat emptor with this one - a big fraud/accounting scandal several months ago in this Chinese formerly high-flying retail coffee purveyor. There is undoubtedly lots of overhead selling pressure on any bounce. But, energy is building after a basing period and there looks to be positive divergence.
Nice move
Posted by flredsox on 28th of Aug 2020 at 11:02 am
Nice move