Mr. West Daily notes Report no. 6

Trending up: CAN, DENN, ZNGA, GE, NIO, SNE, PBI, BOTZ, HERO, MICT,

Trending down: SAVE, JBLU, CRON, NKLA,

Consolidating: REKR, DASH, ROKT, AESE, JETS, NCLH, ABNB, UA, ACB, MVIS,

On this date, January 4th, 2021 is the first year the U.S. economy has had severe virus that has taken many lives. It has also crippled many businesses. However, many other businesses became big brands and provided a service for many people to thrive online. Looking at this past year, I have learned a lot. I have learned that there are many ways of investing. The goals of capturing the real estate parcels and invest capital into rental properties was ideal. However, getting the capital is difficult to collect. So, by investing in the stock market, crypto market, and day trading in the stock market is a way to expand the money routine of gaining capital wealth.

Looking at the morning market list, most of the stocks have been consolidating for this first week of January. The market has been trending up in certain sectors like the Cryptocurrency. The company Canaan Inc. (CAN) has shown great signs of an up trend due to Bitcoin surging past 32,000 a coin. Since CAN is a crypto mining software company that creates instruments to mine cryptocurrency helps this stock in sales when the crypto market is surging.

Needless to say I predict that CAN will rise more and more by the end of this week. Pre-marketed at 7.22 a share, this company has shown many attributes of gaining a support over 7.50 a share.