I am holding onto LKCO share at an average price of $1.90 . I bought it during the US govt investigation on China Tech Coy listed there. I intend to hold on to it as long as is listed. So I sharing facts on this stock.
Technical analysis forecast for Luokung Technology Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Luokung Technology at this time. Stock is falling and might fall more.
It appears as if Luokung Technology LKCO gave a large move recently.
Stock of Luokung Technology (LKCO) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...
My analysis of Luokung Technology is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Luokung Technology stays below 1.1, but if it comes above 1.1, then a intra day buy could be more profitable.
If you take a sell trade below 1.1, then use 1.1 as stoploss and 1 as target. However if you take a buy trade in Luokung Technology, then use 1.1 as stoploss and 1.12 as target.
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