Canaan Inc.
Long
Updated

Under MA. Look for a pop soon.

171
Revenue has been spotty and needs to prove that this is a long term price action upward for support. We should see some new movement into the $5 range as chip companies have been making crazy gains however I see investors are very hesistant to enter here without seeing this company show long term profitability.

An IPO price above $12 seemed a bit much for this stock at that time and still does to me. I am looking for a price target of $5
Note
Pop came a little later than expected but gains none the less.

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