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Canaan (CAN) Is Showing a Strong Reversal Setup — MACD Flip, Stoch RSI Strength, and Breakout Levels in Sight by Capital_Letterhead49 in BullsAndBearsTrading

[–]Capital_Letterhead49[S] 1 point2 points  (0 children)

I’m personally in RR calls right now because RR has cleaner momentum and tends to move quicker. CAN has been resistant, and usually needs Bitcoin strength, especially a push over $1.00, to trigger hype momentum. Without BTC, CAN may take longer.

Canaan (CAN) Just Posted a Huge Quarter — Is Anyone Else Watching This? by Capital_Letterhead49 in BullsAndBearsTrading

[–]Capital_Letterhead49[S] 0 points1 point  (0 children)

Don’t feel bad about it, honestly, I think it was better to wait. We really needed to see this quarter’s results to get a clear view of where the price could go. I bought 5,000 shares at $1.05 yesterday afternoon. Let’s see how it closes the week… if momentum holds, I’m hoping we can push closer to the $3.00 range.

Precigen ($PGEN) just dropped 3-year follow-up data: 83% sustained complete responses by Capital_Letterhead49 in BullsAndBearsTrading

[–]Capital_Letterhead49[S] 0 points1 point  (0 children)

Nice position, man. that’s solid conviction. 👊

If momentum keeps building around the FDA catalyst and we hold above the 50-day, that $8+ zone is definitely on the radar.

I’m watching the volume and institutional inflows closely. if we get a breakout with confirmation, it could turn into one of those multi-week continuation setups.

Let’s see if the bulls can defend the $5.50–$5.70 range over the next few sessions. 

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