LeLaf

CAN: Bullish pennant

Long
NASDAQ:CAN   Canaan Inc.
Bullish Pennant
Pros:
Descending volume during formation
PPS above 50MA and 200MA
RS above 0, and ascending
ATR Ascending
Golden cross circled in blue
R/R ratio above 6
Cons:
250RSI below 50
200MA flat/ascending

If confirmed:
PT = 9.75$

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.