SNDL: Will it fly again? It seems so.

NASDAQ:SNDL   Sundial Growers Inc
Hello traders and investors! Let’s see how SNDL is doing today! It has been some time since we talked about it, so we have many things to update!

First, for several months, SNDL did nothing, but now it seems it is waking up again. When it broke the resistance at $ 0.79 we had something new, and now we are in a clear bull trend with higher highs/lows.

Any pullback must be seen as an excuse to buy SNDL . Now, we are heading to its target in the daily chart:

It seems we have a rounded bottom, and some would say that this even a Cup & Handle , but this is not important. What matters is the meaning of this movement.

Right now, we have something new on SNDL , as the price is not dropping or in an accumulation anymore, and what’s even more interesting, the volume is increasing. This means that the players are excited about the stock, and technically speaking, our next target is the $ 1.75.

Let’s see if SNDL wil hit there again in the next few days. Meanwhile, remember to follow me to keep in touch with my daily updates, and support this idea if it helped you!

Thank you very much!


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.