Canaan Inc.

Potential Long Breakout with $CAN

160
The pattern is approaching the end of its chart pattern and a minor resistance line ($2.05). Once it passes this, this stock will go up to its next resistance line.

Looking at the daily chart pattern, the stock has already reached lower lows and I predict that it's time for it to go higher. The stock right now is creating a momentum/consolidating ready for the breakout. MACD also confirms this.

I'm predicting, when it crosses the diagonal chart pattern and its minor resistance line, it will have a huge bullish breakout.

Potential for ~$3.30.

Penafian

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