What a balance sheet. Very good investment opportunity!

NYSE:CANG   Cango Inc.
Hi everyone, Yurii Domaranskyi here. Let's take a look at the chart:

1. Price levels are working well
2. globally range, locally downtrend
3. level confirmed by touch
4. distant test of the level
5. approached with big bars, and the level was broken with a paranormal bar
6. on D1 we see a sharp approach with no rollbacks, on M5 we don't
7. no accumulation in front of the level
8. no rollback
9. the instrument closed below the level
10. on the level a few times before the move down was stoped
11. has a room for a move 1 to 5.1
12. we see model descending highs
13. on Nov 22, 2021, the company had a report worse than expected
14. the price came from above
15. the ADR has the potential for a big move
16. no planned report in the next 2 weeks

As of September 30, 2021, the Company had cash and cash equivalents of RMB906.4 million (US$140.7 million), compared to RMB1,498.9 million as of June 30, 2021.

As of September 30, 2021, the Company had short-term investments of RMB3,588.2 million (US$556.9 million), compared to RMB3,127.2 million as of June 30, 2021.

Potential risk/reward ratio = 1 to 32 meaning that I'm risking a 100$ with a possibility to make 3200$

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