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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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Mr. West Weekly note Report no. 11Trending up: CAN, MTSL, MVIS, COPT, RAIL, JBLU, GE, JETS, CSX, BOTZ, HERO, ZNGA, Trending down: WPRT, NNDM, NAKD, CRON, ACB, PBI, AESE, SYN, Consolidating: NCLH, XELA, AMC, REKR, UA, ROKT, DENN, MICT, Today's notes will reflect the number of up trending, trending down and consolidating stocks that are on the List. Based on this week, many of the stocks have been evenly distributed into the trending up, trending down, and consolidation categories. A great majority of stocks have been put into the trending up category. Once again, CAN has came up on top for this top trending up stock based on the volume of BTC increasing to 57,000 per bitcoin. In a recent news article by Newswires stated, "many purchase orders of mining machines were placed from Canaan and will likely occupy the current manufacturing capacity for the entirety of 2021 and beyond, according to the integrated circuit maker." This will increase the share price for the CAN stock that is trading at 23.90 a share.
NASDAQ:CAN
by Grantw04
$CAN Announced all time high purchased bitcoin mining machinesCanaan Announces Improved Revenue Visibility in 2021 today announced that its revenue visibility has improved substantially in 2021 as a result of attaining purchase orders totaling more than 100,000 units of bitcoin mining machines from customers in North America. Many of those purchase orders were placed with prepayment and will likely occupy the Company’s current manufacturing capacity entirely for the full year of 2021 and beyond. With those fully committed purchase orders, the Company now enjoys a much higher degree of revenue visibility and more precise forecast. As such, the Company is able to leverage such information and additional liquidity to conduct its component purchases, production scheduling, warehousing and logistics. In late 2020, we shifted our client base to mostly publicly traded companies and bitcoin-focused investment funds which tend to place sizable orders with longer-term commitment. As a result, we can now forecast our revenue much more precisely. This development from Canaan isn't a total surprise. After all, the price of Bitcoin has risen dramatically in recent months, and that attracts more miners to the pool. When more miners join the Bitcoin blockchain network, it adds to the hashrate. According to Blockchain.com, the total hashrate for Bitcoin has spiked to all-time highs in recent days. finance.yahoo.com www.fool.com
NASDAQ:CAN
by AlenCiken
What are the target price for CANPotential gain:+100% Reward/Risk:+5 Timeframe: 3-6 months I always try to present the charts in a simple comprehensive format to prevent any confusion. This is just my technical view, neither a fundamental comment,nor a recommendation to trade..! Please review my track record and calculate the odds for yourself..! Don't forget to like, comment, and Follow to encourage me to continue this. You can send TradingView coins to support me publishing high quality ideas..! Stay tuned great live stream and quality content videos coming soon..! I would appreciate if you share my analysis on your own social media with your friends and beloved ones.
NASDAQ:CANLong
by Moshkelgosha
7
Yes we CANCanaan (CAN), is a company that manufactures hardware for mining Bitcoin. In its press release, Canaan's management let investors know that it has a really good idea of how its business is going to go: It's going to be running at full capacity. The company has preorders for over 100,000 Bitcoin-mining machines. Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny a day for a month it = $5,368,709. Good luck and happy trading friends... *3x lucky 7s of trading* 7pt Trading compass: Price action, entry/exit Volume average/direction Trend, patterns, momentum Newsworthy current events Revenue Earnings Balance sheet 7 Common mistakes: +5% portfolio trades, risk management Beware of analysts motives Emotions & Opinions FOMO : bad timing Lack of planning & discipline Forgetting restraint Obdurate repetitive errors, no adaptation 7 Important tools: Trading View app!, Brokerage UI Accurate indicators & settings Wide screen monitor/s Trading log (pencil & graph paper) Big organized desk Reading books, playing chess Sorted watch-list Checkout my indicators: Fibonacci VIP - volume Fibonacci MA7 - price pi RSI - trend momentum TTC - trend channel AlertiT - notification www.tradingview.com
NASDAQ:CANLong
by Options360
2
CAN has a Can-Do SpiritGIven this nicely trending chart here for Canaan, I decided to take a deeper dive into its profit potential. The best buy-in was around low 5 to high 4s. Our clue to bullish movement was the gap at around 6.10, 6.09 so that had to fill eventually. And, once the short term resistance line from the early January peek was broken on the 4th, we confirmed some more upward movement. That gap should fill Monday 2/8/21 or Tuesday 2/9/21. After that, hold until low 7s as this thing tends to really pop on bullish signals as indicated by the last two runups. We could blow past it to the ATH at high 8s.
NASDAQ:CANLong
by PSekula