Watch for Bullish Crossover in CYRX getLinesFromResByArray error: size == 0

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Watch for Bullish Crossover in CYRX getLinesFromResByArray error: size == 0

Watch for Bullish Crossover in CYRX getLinesFromResByArray error: size == 0 getLinesFromResByArray error: size == 0According to Luckin Coffee's fourth quarter and full year 2023 financial report, the company's total sales in the Chinese market were 24.86 billion yuan (about US$3.45 billion), up 87.3% year-on-year, surpassing Starbucks' US$3.16 billion, making it China's "No.

Watch for Bullish Crossover in CYRX getLinesFromResByArray error: size == 0 getLinesFromResByArray error: size == 01 coffee company." As of the end of 2023, Luckin Coffee had opened 8,034 new stores throughout the year, with an annual growth rate of 97.8%.

Watch for Bullish Crossover in CYRX getLinesFromResByArray error: size == 0 getLinesFromResByArray error: size == 0The number of stores in mainland China reached 16,218, of which the number of self-operated stores exceeded 10,000 for the first time, reaching 15,980 stores, and there were 5,620 franchise stores.

Watch for Bullish Crossover in CYRX getLinesFromResByArray error: size == 0 getLinesFromResByArray error: size == 0In terms of technical trends, the stock price rebounded in November last year and broke through the resistance of the 50-day line.

Watch for Bullish Crossover in CYRX getLinesFromResByArray error: size == 0 getLinesFromResByArray error: size == 0The stock price then rebounded to HK$14.01 and then fell to the peak again.

Watch for Bullish Crossover in CYRX getLinesFromResByArray error: size == 0 getLinesFromResByArray error: size == 0After losing the support of the 50-day line again, it formed a trend with one wave lower than the others.

Watch for Bullish Crossover in CYRX getLinesFromResByArray error: size == 0 getLinesFromResByArray error: size == 0It fell to a low of HK$8.36 on March 5 and then began to rebound.

Watch for Bullish Crossover in CYRX getLinesFromResByArray error: size == 0 getLinesFromResByArray error: size == 0At the same time, the 9-day RSI bottomed out in December last year, forming a RSI bullish divergence trend with one bottom higher than one wave, which may confirm the bottoming trend (see Figure 2).

Watch for Bullish Crossover in CYRX getLinesFromResByArray error: size == 0 getLinesFromResByArray error: size == 0Investors can buy around the HK$9.20 level.

Watch for Bullish Crossover in CYRX getLinesFromResByArray error: size == 0 getLinesFromResByArray error: size == 0As long as the stock price does not fall below the low of HK$8.36 on March 5, we believe that the stock price can gradually form a bottoming trend.

Watch for Bullish Crossover in CYRX getLinesFromResByArray error: size == 0 getLinesFromResByArray error: size == 0If the first rebound target level is 38.2% of the overall correction trend, it may reach HK$10.50.

Watch for Bullish Crossover in CYRX getLinesFromResByArray error: size == 0 getLinesFromResByArray error: size == 0As for the stock price, if it falls below HK$8.36, we recommend selling first and taking a loss cut.getLinesFromResByArray error: size == 0