CAN, has recorded significant net buying this past few days with volume surging +70% from 2.66M to 4.32M. This is hinting of significant accumulation in anticipation of the awaited growth season.
On weekly histogram, the stock registered higher lows - the shifting interval is 6 months. This depicts an initial trend reversal move with the current price range as the new base.
Pricewise, weekly descending trendline has been broken. The stock is currently sitting at 1.0 FIB Level, this is beyond bargain-discount already. The current levels is providing an attractive price to seed. The range is also hovering a 2.7 year longstanding solid support at 2.0 range and it is bouncing off it with precision.
Expect some significant price valuation from the present price level.
Spotted at 2.4
TAYOR
Safeguard capital always.