$Chagee(CHA.US)🍠 The analysis seems to be for reference only: "I heard that the quality of the book is not very good, and investors are still worried about the risk of delisting, so the long-term order amounts are relatively small. Looking at the allocation structure, a large portion was given to the boss's relatives and friends, which is why there was significant selling pressure last night. Friends from the investment banking project team suggested that 31-32 is strong support, and buying below 30 is a no-brainer. The turnover rate last night was close to 100%, basically all retail investors have sold, and a large portion of relatives and friends have also sold. Personally, I plan to see if there is an opportunity to buy some at 30-31 next Monday."