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CAN Bounding off Trend Line / Fib?

Canaan Inc. (NASDAQ:CAN)  
Sp1d3r3  
NASDAQ:CAN   Canaan Inc.
Trend Analysis Technical Indicators
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trendanalysis indicator
Could CAN be bouncing off of trend line and 0 fib line? Interesting that the trend line and the fib intersect right where CAN found support this week. Thoughts?
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