Comments on: RIOT Swing Trade Update

By: Cherokee103

Cherokee103 — Tue, 03 Mar 2020 18:31:16 +0000

Randy, how does the 1.13 ish support level look against the falling wedge?

By: IslaVerde

IslaVerde — Sun, 16 Feb 2020 14:51:38 +0000

In reply to rsotc.

You’re welcome :-)
I didn’t receive a notification for your answer, need to check out my set-ups again.
Have a great Sunday!

By: rsotc

rsotc — Thu, 13 Feb 2020 18:57:55 +0000

In reply to IslaVerde. Thanks for sharing that. The primary issue for CAN, or any recent IPO, is that there isn't enough price history on the chart in which to apply proper technical analysis (support & resistance levels, trendlines, etc.). Maybe worth a shot at a small, speculative position for a longer-term hold using wide stops as the daily price swings in CAN are huge. Thx again for passing it along!

By: IslaVerde

IslaVerde — Thu, 13 Feb 2020 16:50:25 +0000

Kevin, there is a new company (IPO Nov’19) listed on the Nasdaq which could also served as a Proxi: CAN.

“Canaan Creative is a China-based computer hardware manufacturer. Established in 2013 by N.G. Zhang, Canaan specializes in Blockchain servers and ASIC microprocessor solutions for use in bitcoin mining. Initially, Canaan mainly developed FPGA products based on the SHA-256 algorithm.”

RIOT was launched in 2003 and has diluted its shares dramatically (pic 3,244 low 1.11) and not profited from the Bitcoin boom. CAN could be a better alternative but with wild swings.