Canaan - super computing block chain miner productsCanaan, Inc. designs and sells integrated circuits. It offers Kendryte AI and Avalon Miner products. The firm is a developer of super computing 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. 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
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Trade ideas
Under MA. Look for a pop soon.Revenue has been spotty and needs to prove that this is a long term price action upward for support. We should see some new movement into the $5 range as chip companies have been making crazy gains however I see investors are very hesistant to enter here without seeing this company show long term profitability.
An IPO price above $12 seemed a bit much for this stock at that time and still does to me. I am looking for a price target of $5
$CANCanaan Inc (NASDAQ:CAN) has been on fire the past few weeks, and looks ready to make another upside move. The stock broke out of a consolidation range in the last trading session on heavy volume. Thursday’s high was $6.30, which is resistance for Monday’s continuation move. As long as the stock stays above the $4.70 area, the bullish scenario is still intact.
$CAN PT 20 and higherCanaan Inc. engages in the research, design, and sale of integrated circuit (IC) final system products by integrating IC products for bitcoin mining and related components primarily in the People's Republic of China. It is also involved in the assembly of system products; and supply chain and distribution of system products. The company has a strategic cooperation with Northern Data AG in the areas of artificial intelligence development, blockchain technology, and datacenter operations. The company was founded in 2013 and is based in Hangzhou, the People's Republic of China.
$CAN PT 13 and higherCanaan Inc. engages in the research, design, and sale of integrated circuit (IC) final system products by integrating IC products for bitcoin mining and related components primarily in the People's Republic of China. It is also involved in the assembly of system products; and supply chain and distribution of system products. The company has a strategic cooperation with Northern Data AG in the areas of artificial intelligence development, blockchain technology, and datacenter operations. The company was founded in 2013 and is based in Hangzhou, the People's Republic of China.
Waiting for ascent through triangleLooking very poised for a bull run shortly. Has been hovering below the Bitcoin stocks action the past few weeks. Look for this to get some attention with it being so cheap. The one market that isn't saturated for bitcoin just yet is the chip market. There will always be demand for new chips and boards. Look for attention soon. Looking for a price target north of $5.50
$CAN is gonna fall todayPupm&Dump trading strategy idea.
$CAN is rising without clear preconditions today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $4,00;
stop-loss — $4,12;
take-profit — $3,76;
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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Mr. West Daily notes Report from stock market listTrending up: MVIS, JETS, CCL, NCLH, GE, CRONOS, NIO, DENN, JBLU
Consolidating: MICT, UA, ZNGA,
Trending down: NKLA,
AESE is consolidating and trending up. It is gaining support. However, it is also showing signs of consolidating from it's down trend momentum. Thus, it has gain support right above .90 cents a share. (See link below for chart.)
CAN had a raise in share price since Nov 2020. It started gaining momentum the week before Thanks Giving. The price of its shares seemed to be overbought. It was on a uptrend. However, it is on the steep decline within a short distance. (See link below for chart.)






















