CAN has a Can-Do Spirit
GIven 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.
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.
Note
VRAY has a very similar chart setup and running just the same.Trade fermée: cible de profit atteinte
Sold at 7.90 which is right below a historical gap. Nice gain, excellent call
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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.