Technical traders reply on the tenant that history will repeat itself. With such severe volatility brought on by WallStreetBets, a smaller timeframe is warranted for evaluation.
SNDL will continue bullish trend despite the shorts. A quick AM dip on 2/5 will lead to a strong ask in the mid morning. Looking for ~1.45 heading into the weekend.
Could test $2 mid next week after a retrace or 2. Weed is in the cards for 2021 no doubt.
Like if you like. Not an expert - just my idea, and I take my ideas to the BANK
Good luck!
SNDL will continue bullish trend despite the shorts. A quick AM dip on 2/5 will lead to a strong ask in the mid morning. Looking for ~1.45 heading into the weekend.
Could test $2 mid next week after a retrace or 2. Weed is in the cards for 2021 no doubt.
Like if you like. Not an expert - just my idea, and I take my ideas to the BANK
Good luck!
Comment:
Basic idea held, except I didn't expect the consolidation (triangle) to last the full day. I still believe upward trend will continue, but Monday could show a small dip to 1.10 before breaking out. Hanging on to my sack of shares.