$CAN +22% on RVOL breakout at DTL tightening
$Canaan Inc.(CAN)$ (Update) +22% on RVOL breakout at DTL tightening with a close at the day’s high
A Monday entry at the initial break of the DTL would have been ideal, as strength in crypto miners were already emerging while it lagged. Sized down the intraday gains today to carry this into pre-market economic data tomorrow (8.15/8.30 AM ET ADP Employment Data & Advance Q3 GDP)
I’ll take it as it is.
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CAN - Engages in developing and selling Bitcoin mining machines and related service
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yes lots of china names have strong RVOL with gap up but they can't reclaim their ORH. some like $LexinFintech Holdings Ltd.(LX)$ and $KE Holdings Inc.(BEKE)$ even breach opening range low
there is no execution at all. only CAN in my list is a trigger as bitcoin miner theme (mining manufacturer)
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