trendchanges

Improving Macro Picture Points To A Better Future For CAN Pt2

Long
BATS:CAN   Canaan Inc.
Reloading this trade based on the chart breakout.

Very steep pullback after the last breakout.

Lets see if we now have the energy to continue moving higher.

The bottoming of the business cycle and rising
liquidity should now begin to drive bitcoin and Crypto assets higher.

Price to book value 0.62
Price to Tang. book 0.68
Price to free cash flow 1.86
Price to sales 1.04

Value indicators point to a turn around.

Small Cap
Value
High beta
Technology
Nasdaq
Semiconductors

The company ticks all the right boxes for the
current Macro Economic backdrop of Spring, soon to be summer.

Positive Macro Conditions likely to last for 12-18 Months
allowing for trade advancement and maturity.

Based on the price signature, a strong move higher
of many multiples should now be underway.

Continued advancement of bitcoin most likely
needed for positive outcome.



Trendchanges and its author are not registered financial advisors. Everything that is documented by Trendchanges and its author within the news letter or online should be interpreted as market commentary and not as investment advise or instructions to buy or sell any financial asset.

Trading and investing carries risk and you should fully understand the risks involved.

Its recommended that you confer with an independent financial advisor who can assess the risks for your own financial situation. This is important as trading can result in the complete loss of your capital. If trading on margin losses can exceed your original deposit.

Trendchanges and its author will not accept any liability for any losses resulting from the use of the material presented if readers do decide to take action as a result of information communicated in the newsletter or online.

Although every effort is made to insure the accuracy of the information contained within this publication, Trendchanges and its author does not guarantee the accuracy of the information, either from the content within or from any external third part links which my be used.

Past trading performance is not an indication or guarantee of future results.
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.