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CAN, HUGE growth prospect. Can't missed this!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.
NASDAQ:CANLong
by JSAL
2
Canaan Raises $50 Million to Bolster Crypto Mining Production In a strategic move to fortify its position in the competitive crypto mining industry, Canaan, ( NASDAQ:CAN ) a prominent mining rig manufacturer listed on Nasdaq, has successfully raised over $50 million through preferred shares financing. The company aims to utilize the funds to enhance its research and development capabilities, expand production scale, and address general corporate needs. Despite the recent funding success, Canaan's ( NASDAQ:CAN ) stock has experienced a notable decline of 32.87% since the beginning of the month. Key Points: Capital Injection for Expansion: Canaan disclosed in a recent filing that it secured the capital from an undisclosed institutional investor by issuing and selling up to 125,000 series A convertible preferred shares. The company has expressed its intention to deploy the net proceeds for research and development initiatives, expansion of production scale, and other general corporate purposes. Market Performance: The announcement of the financing coincides with a 6.45% decline in Canaan's ( NASDAQ:CAN ) stock, closing at $1.45 on Thursday. The stock has witnessed a substantial 32.87% decrease since the beginning of the month, reflecting the challenges faced by the company in the current market dynamics. Q3 2023 Financial Report: Canaan's ( NASDAQ:CAN ) financial performance in the third quarter of the previous year revealed a significant shift, with the mining rig maker reporting a net loss of $80.1 million. This is a notable contrast to the same period in 2022 when the company reported a net income of $6.3 million, indicating the volatility and challenges prevalent in the crypto mining sector. Strategic Partnerships: Despite market headwinds, Canaan ( NASDAQ:CAN ) has recently secured follow-on purchase orders for over 17,000 bitcoin mining machines. The orders come from Cipher Mining Inc. and Stronghold Digital Mining Inc., both Nasdaq-listed companies, showcasing Canaan's ability to maintain strategic partnerships in the industry. 5. Future Outlook: The infusion of $50 million in preferred shares financing is expected to position Canaan ( NASDAQ:CAN ) for future growth and innovation. With a focus on research and development, the company aims to stay competitive in the rapidly evolving crypto mining landscape, marked by technological advancements and increasing demand. Conclusion: Canaan's ( NASDAQ:CAN ) recent financial maneuvering underscores the challenges faced by crypto mining companies amid market fluctuations. The infusion of $50 million in capital reflects a strategic effort to navigate these challenges, with a clear focus on innovation and expansion. As the crypto industry continues to evolve, Canaan's ( NASDAQ:CAN ) ability to adapt and leverage strategic partnerships will be critical for its sustained success in this dynamic market.
NASDAQ:CANLong
by DEXWireNews
Canaan - long position - 60 % profit (NEW) Canaan stock has been in a downtrend since 2021. Canaan is one of the top Bitcoin Mining Companies. The price is approaching our buy zone. We expect one more drop and next the accumulation phase before the explosive move up. If we see one more drop, probably RSI on the weekly timeframe will be even more oversold. In our opinion this stock is very undervalued now. Once crypto market starts recovering, we expect this stock to recover as well. Bottom for crypto market may be not far away (Many analysts believe that the bottom on BTC will be around 10k-12k $) therefore accumulating CAN may be a good idea too.
NASDAQ:CANLong
by vf_investment
3
Dollar - DX DXY DOLLAR WEF Summit in DAVOS Began today, May 22, 2022. World Economic Forum members are face to face \as opposed to Virtual. Topics include Ukraine, Energy, Nato, and Climate. Government Policies will be shaped this weekend for the next 18 months. Volatility & Stability will be addressed with strategy sessions will be addressed in breakout groups to present a composite solution. This meeting has been postponed as it is usually held in January. Acceleration of Policies and Agenda are to be anticipated. The result will have broad-reaching Market implications.
ICEUS:DX1!
by HK_L61
2
Canaan Inc 🧙Canaan Inc is a developer of supercomputing chips and the manufacturer of digital blockchain computing equipment as well as the supplier of the overall scheme for computer software and hardware of digital blockchain. The equipment manufactured by Canaan is sold to many countries including China, the United States, Hong Kong, and other foreign countries. It derives a vast majority of the revenue from China. Its product includes Kanzhi Al and Avalon Mining Machine. If you want not to miss ideas like this one,🎯 subscribe and press a thumb up! 👍 Have a question? Don't be shy to ask! 🤓 Interested to study how to analyze charts, follow me!
NASDAQ:CANLong
by unfair_advantage
1
How deep Could CAN go?Breaking the bullish trendline + crossing Below the opening Price, it could be 6-6.5 soon. Do you think it is not possible??? I made the first call to buy CAN 7 months ago when it was 2.63, and talked about a new all time high..! then review my CAN analysis: Nov 11, 2020: Keep it on your watch list Nov 16, 2020 Dec 17, 2020 Feb 4: Apr 7 Those who have early access to my trading ideas have the chance to perform better. Don't you believe it? If you are interested to have early access to my trading ideas, check the signature box below the post for more information.
NASDAQ:CANShort
by Moshkelgosha
3