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FrancescoMerlettini
Nov 15, 2021 12:09 PM

SNDL - Sundial Growers: maybe a retracement prior exploding? Long

SNDL Inc.NASDAQ

Description

Hi All, my main 3 take-outs from this analysis are the following:

1- Price is moving within a descending wedge and a bigger trangle

2- Price has been rejected by the 200 MA and by a descending trendline resistence

3- We might see a retracement to fill in the daily gap left on Friday

Not a financial advice, just personal opinion. Do your own due diligence and good luck!

Comment

Price is moving according the the analysis, aheaded to the gap covering at around 0.73$. I still expect a drop till that level. Please note that the monthly candle might close with a higher high and higher low, for the first time since months
Comments
howaboutanother1991
touched .7350.
FrancescoMerlettini
@howaboutanother1991 yes, it is doing exactly that movement. In my opinion it still has some downward movement to be done..
UnknownUnicorn3570385
I like the stock !
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