Grantw04

Mr. West Weekly note Report no. 11

NASDAQ:CAN   Canaan Inc.
Trending up: CAN, MTSL, MVIS, COPT, RAIL, JBLU, GE, JETS, CSX, BOTZ, HERO, ZNGA,

Trending down: WPRT, NNDM, NAKD, CRON, ACB, PBI, AESE, SYN,

Consolidating: NCLH, XELA, AMC, REKR, UA, ROKT, DENN, MICT,

Today's notes will reflect the number of up trending, trending down and consolidating stocks that are on the List.

Based on this week, many of the stocks have been evenly distributed into the trending up, trending down, and consolidation categories. A great majority of stocks have been put into the trending up category. Once again, CAN has came up on top for this top trending up stock based on the volume of BTC increasing to 57,000 per bitcoin. In a recent news article by Newswires stated, "many purchase orders of mining machines were placed from Canaan and will likely occupy the current manufacturing capacity for the entirety of 2021 and beyond, according to the integrated circuit maker." This will increase the share price for the CAN stock that is trading at 23.90 a share.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.