Luckin Coffee Downside Targets

Below are the downside targets for Luckin Coffee (LK).

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  • $34.88 (conservative target)
  • $25.78 (mid-range target)
  • $16.67 (extreme target)

The strong rise in the price from November 2019 to January 2020 is being matched by the current decline.  We expect that the decline to the $25.78 level should be accomplished as a natural reaction to the prior dramatic increase.

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