LKCO - Buying opportunity: Hello everyone, as you already know | Stock Market Analysis

LKCO - Buying opportunity:
Hello everyone,
as you already know, two months ago I uploaded a post about LKCO I talked about the company and I talked about the pattern that I identified.
less than a month after that the stock jumped 100% gradually.
If you've followed the stock you could see that when the stock has touched 3$ it started a downtrend.
So why am I telling you this?
I did a good profit in this trade - as I bought at 1.15$ and sold at 2.64$.
First of all, since the begining of May, only good news were released by Loukong (LKCO) company. And a big agreement has been signed between Loukong and Geely (google it), but today I want to focus on the chart.
1. As you can see in the chart the RSI is in the oversold zone but as I like to say - "Never relay just on the RSI indicator, combine it with more reasons to invest"

(Read Below)