Canaan Inc.Penjualan
CAN trade short
The analysis is as follows
We have made a head and shoulders and broken the neckline
It appears that we are making an abc to the downside.
The wave A and B have finished and were incredibly clear.
Currently we are in the developing wave 3 of the wave C, and I assume that this will take us down to the 10$ mark. This 20 dollar mark is the 1.618 of the wave one of the wave C and the 0.8 fib retracement of the greater wave.
10 Is also an incredibly strong psychological number, hence why I assume it will move down to here.
I am assuming that it will move down to here by the end of the week.
Assuming this channel holds, we will see a minimum 11.64. A break from this channel could possibly discredt my wave count.
My only concern would be that the wave 5 of the wave 3 doesn't go as low as expected, but judging by the volume behind the earnings drop, I am going to assume that there is lots of bearish momentum behind this stock.
Longterm target is around the 5$ mark.
We have made a head and shoulders and broken the neckline
It appears that we are making an abc to the downside.
The wave A and B have finished and were incredibly clear.
Currently we are in the developing wave 3 of the wave C, and I assume that this will take us down to the 10$ mark. This 20 dollar mark is the 1.618 of the wave one of the wave C and the 0.8 fib retracement of the greater wave.
10 Is also an incredibly strong psychological number, hence why I assume it will move down to here.
I am assuming that it will move down to here by the end of the week.
Assuming this channel holds, we will see a minimum 11.64. A break from this channel could possibly discredt my wave count.
My only concern would be that the wave 5 of the wave 3 doesn't go as low as expected, but judging by the volume behind the earnings drop, I am going to assume that there is lots of bearish momentum behind this stock.
Longterm target is around the 5$ mark.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.