Chart analysis | LKCO (Luokung)What a beautiful tunnel to play on.
I post it a little bit late- I’ve entered this trade in 5/19 for 1.13$ per share (now it’s 1.42), but I think it’s still a good play.
First, a little background about the company:provides location-based services and mobile application products for long distance travelers in the People's Republic of China. It offers Luokuang mobile application, a content and service distribution platform that provides content and services, such as information,entertainment,travel, e-commerce, online to offline, advertisement, and other marketing features. The company also offers software development kits and application-programming interfaces, which provide spatial-temporal big data analysis and customized map to software and mobile application developers; and spatial temporal indexing cloud service, a data-level virtualization technology.
Luokung was in USA’s blacklist (not anymore), and also got out of the danger zone of being delisted.(Read Below)
