Cango stock (CANG) came under heavy pressure after a rough Q2 2026 earnings release. On September 1, price opened at 2.07 and collapsed to close at 1.84, an 11% loss. The technical picture has been deteriorating for months, setting a bearish tone for the sessions ahead.

Key takeaways

• Cango stock fell roughly 11% on September 1, closing at 1.84 after a painful Q2 2026 earnings miss.
• The daily chart shows a structural downtrend, with price trading below the EMA20 at 2.06, EMA50 at 2.29, and EMA200 at 7.02.
• A confluence support zone has formed between 1.81 and 1.82, aligning 15-minute and hourly pivot levels.
• The bearish scenario targets a move toward the lower daily…