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Canaan Inc. Sponsored ADR Class ACanaan Inc. Sponsored ADR Class ACanaan Inc. Sponsored ADR Class A

Canaan Inc. Sponsored ADR Class A

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Improving Macro Picture Points To A Better Future For CAN Pt2Reloading 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.
NASDAQ:CANLong
by trendchanges
Improving Macro Picture Points To A Better Future For CANThe 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.
NASDAQ:CANLong
by trendchanges
Canaan Raises $50 Million to Bolster Crypto Mining Production In a strategic move to fortify its position in the competitive crypto mining industry, Canaan, ( NASDAQ:CAN ) a prominent mining rig manufacturer listed on Nasdaq, has successfully raised over $50 million through preferred shares financing. The company aims to utilize the funds to enhance its research and development capabilities, expand production scale, and address general corporate needs. Despite the recent funding success, Canaan's ( NASDAQ:CAN ) stock has experienced a notable decline of 32.87% since the beginning of the month. Key Points: Capital Injection for Expansion: Canaan disclosed in a recent filing that it secured the capital from an undisclosed institutional investor by issuing and selling up to 125,000 series A convertible preferred shares. The company has expressed its intention to deploy the net proceeds for research and development initiatives, expansion of production scale, and other general corporate purposes. Market Performance: The announcement of the financing coincides with a 6.45% decline in Canaan's ( NASDAQ:CAN ) stock, closing at $1.45 on Thursday. The stock has witnessed a substantial 32.87% decrease since the beginning of the month, reflecting the challenges faced by the company in the current market dynamics. Q3 2023 Financial Report: Canaan's ( NASDAQ:CAN ) financial performance in the third quarter of the previous year revealed a significant shift, with the mining rig maker reporting a net loss of $80.1 million. This is a notable contrast to the same period in 2022 when the company reported a net income of $6.3 million, indicating the volatility and challenges prevalent in the crypto mining sector. Strategic Partnerships: Despite market headwinds, Canaan ( NASDAQ:CAN ) has recently secured follow-on purchase orders for over 17,000 bitcoin mining machines. The orders come from Cipher Mining Inc. and Stronghold Digital Mining Inc., both Nasdaq-listed companies, showcasing Canaan's ability to maintain strategic partnerships in the industry. 5. Future Outlook: The infusion of $50 million in preferred shares financing is expected to position Canaan ( NASDAQ:CAN ) for future growth and innovation. With a focus on research and development, the company aims to stay competitive in the rapidly evolving crypto mining landscape, marked by technological advancements and increasing demand. Conclusion: Canaan's ( NASDAQ:CAN ) recent financial maneuvering underscores the challenges faced by crypto mining companies amid market fluctuations. The infusion of $50 million in capital reflects a strategic effort to navigate these challenges, with a clear focus on innovation and expansion. As the crypto industry continues to evolve, Canaan's ( NASDAQ:CAN ) ability to adapt and leverage strategic partnerships will be critical for its sustained success in this dynamic market.
NASDAQ:CANLong
by DEXWireNews
Canaan - long position - 60 % profit (NEW) Canaan stock has been in a downtrend since 2021. Canaan is one of the top Bitcoin Mining Companies. The price is approaching our buy zone. We expect one more drop and next the accumulation phase before the explosive move up. If we see one more drop, probably RSI on the weekly timeframe will be even more oversold. In our opinion this stock is very undervalued now. Once crypto market starts recovering, we expect this stock to recover as well. Bottom for crypto market may be not far away (Many analysts believe that the bottom on BTC will be around 10k-12k $) therefore accumulating CAN may be a good idea too.
NASDAQ:CANLong
by vf_investment
3
WATCH $CANBullish Fundamental - High inflationary Macro environment / no fear sentiment - Funds Accumulation/Distribution - Decent PE - Decent PEG - Decent P/FCF - Top Sector / Industry / Leader Technical - Momentum Theory Indicator - Bottomed - Price action formation ( falling wedge ) - Broke Trend line - Below 200MA - Below POC - ST not ok - Bullish Candlestick pattern / formation Entry idea - For members Stop loss depending on entry and risk appetite. But always set meaningful stops. " All things are difficult before they are easy" Cheers and happy trading!
NASDAQ:CANLong
by nexxtrade
CAN Megaphone and Wyckoff Accumulation PatternCAN is printing a Broadening Bottom Megaphone pattern on the CAN daily chart; the RSI looks to be increasing on the price lows indicating increased momentum. Zooming out it also looks like an accumulation pattern has been forming over the past several months. The megaphone may work as the "Spring / Test" stages for Phase C if it plays out and bring the price back up into the recent trading range. If the Megaphone breaks down, then it may be a take a while to climb back. I am not a financial advisor or professional trader by and stretch, so please do your own research.
NASDAQ:CANLong
by chimera_brendo