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Dec 22, 2020 11:04 PM

Under MA. Look for a pop soon. Long

Canaan Inc.NASDAQ

Description

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

Comment

Pop came a little later than expected but gains none the less.
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