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rgptk
Jul 16, 2020 10:42 AM

First Target 2.85 Long

Canaan Inc.NASDAQ

Description

After a consolidation period, stock price started to go upside with a heavy volume. All leading technical indicators signal the upside move. Especially Bollinger Band is about to breakout. Sharp move to upside can be expected. Company fundamentals are improving QoQ.
Comments
rgptk
Canaan will benefit from BTC rally. BTC will be 15000 very soon.
rgptk
Today is seems that there will not be a breakout in Daily Bollinger Band. Because BTC is bearish today. I believe that breakout in Canaan will be after BTC rebound from 8.800 USD within a few days.
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