-first pennant pattern we got 120% returns on the $1 calls
-now we are squeezing even harder
-Good thing to notice is that the bearish cloud is starting to get thin (weak) so now were more susceptible to reverse
- SHORT FLOAT at 13.7% which is super high allowing it to form a short squeeze
-Also we broke the downtrend on the daily so we should start to see this pick up soon
- beware of a false breakout it can go both ways
-wait for volume to pull in
-now we are squeezing even harder
-Good thing to notice is that the bearish cloud is starting to get thin (weak) so now were more susceptible to reverse
- SHORT FLOAT at 13.7% which is super high allowing it to form a short squeeze
-Also we broke the downtrend on the daily so we should start to see this pick up soon
- beware of a false breakout it can go both ways
-wait for volume to pull in
Trade active:
FIRST breakout boom!!!! there we goooo that's a snipe now we wait for the second pop/ continuation
Comment:
SNDL we are heading down towards .65 support if you were in my alert room we bought puts to hedge now puts banking on us
-SNDL has $0 in debt and they have $700M cash in hand so they are fishing for companies
-when companies collab or even just a rumor we will see some movement 100%
-now I've been scaling into some LONG options contracts that exp. later on towards the end of the year
- Cannabis related news released yesterday as well so this will have an impact
- Market cap: $1.63B