There is a delisting risk because of the Class Action lawsuit which seeks to recover damages for Canaan investors under the federal securities laws. Canaan Sued Over Alleged ‘Fake’ $150 million deal between Grandshores one month before the IPO. There is a lot of uncertainty which causes the stock price go lower.
When this descending wedge comes to an end - we are drifting down in price discovery and waiting for everyone else to discover it. Sell in 2021 and 2022 during the next bull run on BTC.
The pattern is approaching the end of its chart pattern and a minor resistance line ($2.05). Once it passes this, this stock will go up to its next resistance line.
Looking at the daily chart pattern, the stock has already reached lower lows and I predict that it's time for it to go higher. The stock right now is creating a momentum/consolidating ready for the...
CAN
Specializes in manufacturing bit-coin mining components.
In 2013, Canaan invented the first ASIC mining machine.
In 2019, Cannan was second largest manufacturer of bitcoin mining machines in the world.
Company founded in 2013 but IPO'ed in 2019 on NASD.
Current news is not very positive, although it seems there has been a potential technical reversal, with...
Either price discovery or price manipulation or lets discover how we can manipulate this stock to a new low so we can buy it before Block chain Mining and A.I. blow up any more then they have already.
- yes this is an emerging market (speculation alert)
- yes this is a tech stock - (speculation alert)
- so the official story is that Bitcoin will be less profitable...
This Market is So Dishonest & Manipulated!
I had to wait for Confirmation to publish my next "Pick."
I Bought 6000 shares of CAN .
Looks like the Stock has to Close @ $3.36
And, exceed $3.45 to sustain n Uptrend.
NEW FREE STOCK RECOMMENDATION: Canaan Inc (CAN)
It’s not often that an investment posts an annual gain of several thousand percent. But cryptocurrencies find a way.
Between the beginning of 2017 and Bitcoin’s near-$20,000 peak on December 15 of that year, the cryptocurrency gained almost 2,000% before selling off.
It’s easy to think that this substantial run-up...
Canaan, Inc. designs and sells integrated circuits. It offers Kendryte AI and Avalon Miner products. The firm is a developer of supercomputing chips and the manufacturer of digital block chain computing equipment as well as the supplier of overall scheme for computer software and hardware of digital block chain. The company was founded by Li Jiaxuan, Liu Xiangfu...
21 Nov 2019 Canaan market opened.
In my opinion, I would buy long, it may go down but you guys know it happens. when there is a new asset in the market, we know where to go.
I put money on this today, I will be leaving it for 3 months and see where it's headed.
