Here’s Why Luckin Coffee Inc. (NASDAQ:LK) Dropped -3.6%

      Comments Off on Here’s Why Luckin Coffee Inc. (NASDAQ:LK) Dropped -3.6%

After completing its last trading session, Luckin Coffee Inc. (NASDAQ:LK) dropped by -3.6% – here is what that looked like (as of 2020-01-06):

What is the cause of all this?? To grasp this action better, it is helpful to analyze some technical indicators. The most important ones are as follows:

A Money Flow Index (MFI) of 100.0, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of 100.0, a Moving Average Convergence Divergence (MACD) of 0.002, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.799, an Accumulation/Distribution Index (ADI) of 0.799, an On-Balance Volume (OBV) of 3814.511, and a Chaiikin Money Flow (CMF) of 38.08. 2.103

Now let’s plug these indicators in. Consulting Trading View, putting it all together gets the following:

So there you have it – our analysis of Luckin Coffee Inc. (NASDAQ:LK). Note this is technical analysis only! You should do fundamental research as well, and do not just rely on this – we take no responsibility for any losses incurred if you buy or sell based on the above.