CAN trade ideas
CAN | SHORTNASDAQ:CAN
Possible Scenario: SHORT
Evidence: Overbought RSI
It's my opinion and could be wrong 100%
CAN pops up after a long sleepCAN pops up after a long sleep
I saw the indicators telling me not to buy and so I ignored them because have no training.
I like shapes and saw a long tail which usually get a shake eventually
this is the day I get to say I told you so
off to lock in gains.
Keep it on your watch list Getting out of down channel makes it easy for Canaan to soar like a raging bull..!
CAN has been consolidating for over a monthCAN has been consolidating for over a month
price discovery is over
Bitcoin is rising
CAN will rise with bitcoin
i am guessing I am not an expert
CANAAN +90%CANAAN - Bitcoin ASIC miners manufactured from China start BUYBACK 22.09.2020.
Buy now
Sell level $3-4
Profit 90%
Wish you luck !
A Company With Net Loss in Successive Years - Is it a Zombie? A Company With Net Loss in Successive Years - Is it a Zombie firm?
CAN makes ASIC minersCAN makes ASIC miners
nuff said
It has been range bong at 1.80 to 2 for a while - it jumped up and fell down.
I think this is just a peek at things to come.
Is this the bottom? i don't know.
I will set low limit orders if i can.
Average Price for Buyback Within 12 Months Could Be 1 USD. When they sold 13 Mio shares in July, they pumped the price from 1.80 up to 3.05.
When they will start buying back (5 mio shares) from 22th Sept 2020 within 12 months what will they do, pump or dump?
Double Bottom formation is needed at 1.75-1.80 for confirmationDouble Bottom formation is needed at 1.75-1.80 for price confirmation and for feeling investors more safe
First Breakout Completed, 2nd Breakout at 2.43 coming soonFirst breakout was completed at 1.94 (Major breakout, since IPO)
Second Break out is coming soon (next week) at around 2.43
Double bottom was formed around 1.80-1.90
Weekly doji morning star was formed
5th touch at falling wedge pattern is coming which will lead to breakout at around 2.43
CANAAN bouncing along the bottomCANAAN bouncing along the bottom
just wait til it drifts lower again - this will jump when people notice what it is and its ties to crypto.
On watch for a play here for *CAN*- Will be following this stock here at this point on. My plan on chart.
Canaan, Inc. designs and sells integrated circuits. It offers Kendryte AI and Avalon Miner products. The firm is a developer of supercomputing chips and the manufacturer of digital block chain computing equipment as well as the supplier of overall scheme for computer software and hardware of digital block chain. The company was founded by Li Jiaxuan, Liu Xiangfu and Zhang Nangeng in 2013 and is headquartered in Hangzhou, China.
CAN looking lower still has not hit RSI of 30CAN (or CAAN) looking lower still has not hit RSI of 30.
They make computers for bitcoin mining and meanwhile their competitor is doing well, and rising in price, who knows whats really going on, i do not.
This should jump higher in a month or so- but it will continue fall (i think) but how much further could it go?
the last lowest low I could see was 1.75 or so - if we drop after that ??? maybe to $1 i guess
CAN a mining company that should 50x when BTC lifts offCAN a mining company that should 50x when BTC lifts off
buy before BTC breaks all time high.
I set limit buys for $2.01 $2.20 $ 2.30 and a market buy just in case we never see these prices again.
I imagine there will be a crash this fall in all market taking CAN with it for a day and then it will lift off.
Once the market crashes people will realize that BTC and GOLD were the winners and pile in.
This is just like my play in RIOT and MARA see links below.
