Luckin' Coffee or Suckin' Coffee?

While many investors were ecstatic that LK finally broke out after 3 or 4 failed attempts, the escalation of the trade war between USA-China, as well as, the abyssal quarterly balance sheet gives nothing less than a big and fat doomish outlook.

For those who own the stock, I sincerely hope you sold your holdings while it was above 25.00 because this stock will likely not see that again for a while.

For those who are looking to buy the stock your target should be to remain patient and see if it reaches 15.00 in the next 7-10 days. I don't expect this stock to drop below 14.50 unless the trade war continues to escalate.

- zSplit