The Big Players Are Buying Canaan
After seeing the sharp increase, I went to the ticks chart to see how big their order was. I found an active buy order that was placed at 13:55:09 for 169,820 shares:
All of the big players are going long on this stock. In a previous post I showed data from Fintel. It showed 106 institutions that were long on the stock, and only 4 that were long/short. Any contrarian who shorts the stock will be decimated.
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Sthapizar : yeah bro i noticed that too … $Canaan (CAN.US)$ is flying high for sure
Oneironaut88 OP Sthapizar : Absolutely. $Canaan (CAN.US)$'s chart looks like it's shaking out weak hands while attracting heavy buying from institutions and smart money. Just recently, Fintel reported 3 million shares added to institutional portfolios alongside a $72 million investment. Benzinga’s latest data puts the true average price target at $3.81—meaning a move to that level could triple our investment.
Moomoo hasn’t shown the most accurate or current numbers, which is why Fintel and Benzinga are much better sources for real-time institutional moves and analyst sentiment. Right now, the consensus is strongly bullish, especially with analysts projecting 30% quarterly revenue growth—well above average for a growth stock.
One more thing: Canaan's price chart is shaping up with a potential double bottom, a classic bullish reversal pattern. If the stock breaks above $1.30, that setup would be confirmed and could draw even more buying interest.
--Berdugo Rj : yup