the final target of $SNDL is $20 but it will have negative reaction at $5 and $10.
shark harmonic pattern:
AB=0.38 XA
BC=1.6 AB
tp1=1.6 BC=0.88 XA=$5
tp2=1.13 XA=$10
tp3=2.24 BC=$20
We are approaching price levels around CAD 3.37 and expect the course to turn around that mark. From there, the corrective movement should be over and followed by an increase above CAD 3.86. Once above this mark, we have a strong signal for further runs towards CAD 4.60.
Don’t miss it!
Aphria has had a great run into 2021, but it seems to have switched momentum in the opposite direction since February. I'm sure the bad earnings didn't help it's case either. Worst case scenario, it falls to the next level of support around where the 200 EMA is currently. Best case scenario, it bounces off current support and makes a run back into its upward...
SNDL let's jump in!
Technicals :
1. Stock had a motive wave – we can see its not an impulse wave but a regular motive because the stock doesn’t fit the golden rules of impulse wave by Elliot's theory.
- In the duration of 2 days the stock made a move of 231%.
- RSI OVERBOUGH during the whole period
- ADX way above 40 middle line – asset extremely...
spy been dripping the marked and dropping all the stocks with him now spy is at 293 in a ossible bull flag a major move from here will make all the market fly the mj cannabis etf is also at atl again about to bounce agressive in any time
most indicator show exhasted drop may be it the big pump lets seee
was expecting bounce at 5 or 4,80 but looks like 4,60 4 coe...
FSD Pharma had a big bull run over the last month. After the 18th of Oktober we saw that the bears controlled the Cannabis Stockmarket, but I think for the future will FSD Pharma be a big player in the Global Cannabis network, so lets see where its going :-)
