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mcmalloch
Nov 13, 2023 5:25 PM

$SNDL Double bottom? Long

SNDL Inc.NASDAQ

Description

Interesting reaction at previous all time low from Oct 2020. The board have approved a new share buyback program. Arguably a low risk area to consider a long as risk can be defined easily below $1.38 (previous ATL). Has run up a lot today already so looking for entry on lower time frame pullback would be sensible. Trend has been down for a long time but recent higher high, in September, and now a higher low are encouraging for possible trend reversal.
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