I'm sure that everyone and his brother is aware of this one by now, but just in case you aren't...After almost 3 months of decline, SNDL has broken out and is heading back down for a retest. Vertical blue lines show targets of the major and minor descending wedges. RSI is above 50 on both the daily and weekly scales. Weekly MACD is preparing to cross over in...
If you haven`t bought my first call at 0.24usd, just before it exploded:
Then you should know that in the case of a Short Squeeze the Fibonacci extension tool sets us a most likely target of 3usd per share.
This is the best case scenario.
If you are interested to...
perfect time to jump in Sndl stock. This stock is one of cheapest long term stock in cannabis market that is really undervalued right now. Maybe it will go a little bit more down but in compare the huge opportunity it worth to buy in these prices.
TICKER CODE: SNDL
Company Name: Sundial Growers Inc.
Industry: Healthcare | Drug Manufacturers - Specialty & Generic | Canada
Position Proposed: BUY
1. Large Head & Shoulders
2. Fibonacci Retracement at 0.786 (Silver Zone)
3. Falling Wedge Completed
4. 1st Take Profit will hit the key Impulse of the massive sell
Entry: Now Ready...
good mood and profitable trades !
As you can see on the chart, SNDL forming a bullisht chartpattern !!
MACD : divergence an d bullish cross
RSI and STOCH: bullish divergence
TRIGGER: breakout whit confirmation on LTF or bullback
Fib bretracemant act as targets
SL if price falling back in the pattern under 0.618 , or under 1d ma20 !
I am looking for pot stocks that have a higher than average chance of producing multiplied returns.
SNDL has been as high as $8-9 and currently trading in the $1.25 range.
It also got squoze in the short squeeze craze that appears as if it may still be around, peaking briefly near $4.
Only 6 hours ago an article was published in the motley fool saying that this...
This is a higher risk play, I've been buying cannabis for months now. However I think there's a shot still at a MASSIVE catch up move to altcoins. The R/R in some stocks like SNDL and CURLF is still strong.
Sundial Growers , Inc. engages in the production and distribution of flower, pre-rolls and vapes. It operates through the following segments: Cannabis, Ornamental Flowers, and Corporate.
Aug 13 (Reuters): NET CANNABIS REVENUE FOR Q2 OF 2020 WAS $20.2 MILLION, AN INCREASE OF 44% OVER Q1 OF 2020
6/29/2020 BMO Capital Markets Upgrade Underperform ➝ Market Perform...
Hello traders and investors! Let’s see how SNDL is doing today! It has been some time since we talked about it, so we have many things to update!
First, for several months, SNDL did nothing, but now it seems it is waking up again. When it broke the resistance at $ 0.79 we had something new, and now we are in a clear bull trend with higher highs/lows.
Sector rotation is real and cannabis has been off the radar for a long time.
I can feel it in my bones. Even if the cannabis stocks sell off with the broader market, they will most likely outperform on the upside.
Also did I mention the breakout and retest on the rsi + the divergence after all that. I'm curious how the whole dang thing looks kinda like a reverse...
After sharing my vision of SNDL in the short term, through an analysis of H1 chart, I would like to share my long term vision, using a weekly chart.
After IPO in Aug 2019 (13$) there's been a lot of diluition of shares which brought the prices down to 0.2$. During this huge drop, the prices reacted on Jan 2020, reaching 3.9$ and creating the left shoulder. After...