Buy, Sell, Or Hold? 36Kr Holdings Inc. (NASDAQ:KRKR)

36Kr Holdings Inc. (NASDAQ:KRKR) has been trending lower for months. The stock is down 50% since its highs in February. After a steep drop earlier in the month KRKR has been trading sideways for the last 10 sessions. In today’s action, KRKR is trading in a very narrow range between 2.40 and 2.44 on light volume.

KRKR Announces 1Q Earnings Date

  • KRKR to Report First Quarter 2021 Financial Results on June 1
  • 36Kr Holding’s  management will host an earnings conference call at 8:00 AM
  • Late last month, the company announced filing of its 20-F.
  • 36Kr Holdings Inc. is a prominent brand and a pioneering platform dedicated to serving New Economy participants in China with the mission of empowering New Economy participants to achieve more.

Market Movement

As of 10:30 KRKR is up by 0.03 or 1.25 % at $2.43. The stock has traded 15k shares, compared to its average volume of 140,053K shares. 

Trader Notes

Moving Averages

+/- EMA(20) 2.60 (-7.69%)
+/- SMA(50) 3.05 (-21.31%)
+/- SMA(200) 3.30 (-27.27%)
5-DAY PERF. +1.69%

Important Pivot Points

Name S3 S2 S1 Pivot Points R1 R2 R3
Classic 2.3100 2.3400 2.3700 2.4000 2.4300 2.4600 2.4900
Fibonacci 2.3400 2.3629 2.3771 2.4000 2.4229 2.4371 2.4600

KRKR has been trading in a very narrow range the last 8 sessions. Longs are looking for KRKR to break above 2.50 for a rally.

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