Canaan Inc.
Short
Mis à jour

CAN: Head-and-shoulder bearish signal

163
As devastating as it is today, the worse is yet to come. It's possible that CAN retract for a day or two but the downtrend is inevitable and most likely won't stop for another %50 loss. This was not unforeseeable considering the gap that was about to be filled as you can see in white boxes.



Note
Getting closer! I don't think it would be a straight shot down, it should bounce for a day or two in between before it hit my target. Let's see!
Note
I was the first to see this but someone else is getting the thumbs up! haha
Note
4 more dollars to go. That's 40% down. Do not go long on this ticker for now, and if you have long positions, you need to think about averaging down when it hits the rock bottom (7-8) or just trim it down.
Note
This timeline is extended but the target still looks valid.
Note
getting closer.
Trade fermée: cible de profit atteinte
Note
Followed the path as predicted. Happy Trading!

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.