SNDL looks to have momentum showing up on the 1hr awaiting narrative of traders rushing to buy on low barrier to entry & news surrounding the upcoming U.S. taxation proposal
Elliot Wave Attempt #2. Let me know your thoughts.
Looks bullish and is all set to hit 13. Have a tight SL at 8.
I wound not go long. no volume backing up the last two weeks +58%. still in falling trend (green channel)
cannabis industry, which is expected to hit $billions in sales. Trends looks to be switching up, Look for the best Cannabis stocks maybe?
SNDL finally putting in a higher low. We got that Classic Bullish divergence and now it appears SNDL has backtested weekly support as support yet again at $0.46. The chart is saying we're going to get some sort of rally. Keeping the stop loss below that previous low around $0.40 makes sense when SNDL can easily go on a 50-200% streak in the next month or two...or...
SNDL Elliot Wave analysis Elliott Wave Theory is named after Ralph Nelson Elliott (28 July 1871 – 15 January 1948). He was an American accountant and author. Inspired by the Dow Theory and by observations found throughout nature, Elliott concluded that the movement of the stock market could be predicted by observing and identifying a repetitive pattern of...
Last time we had a laugh with the deniers and the haters. But guess what! She's going to dive again. Don't hate the player, hate the game. Goals 1.13, 0.97. Invalidation at 1.83 . We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation...
The merger between Sundial and Alcanna should occur on or before March 30 following an extension of an earlier agreement. This deal could send SNDL to the $1.70 resistance short term. Looking forward to read your opinion about it.
Weed stocks are having a great week so far and I don't think the fomo has kicked in yet. SNDL is breaking out on weekly into the new channel and can squeeze higher above a dollar. I think this will continue running into month/quarter end and potentially 5-7+ dollars into Q2. This entire sector has been beaten down for years as money has shifted into tech and...
Sundial Growers Inc. engages in production and marketing of cannabis products for the adult-use market in Canada. It produces and distributes inhalable products, such as flower, pre-rolls, and vapes. The company offers its products under the Top Leaf, Sundial Cannabis, Palmetto, and Grasslands brands. Sundial Growers Inc. was incorporated in 2006 and is...
This looks prime to take off after or before earnings. we need to bounce from the yellow X and see all past resistance become support. This could all be made possible by next earnings. Watch and good luck. Not Financial Advice.
After receiving an extension of 180 calendar days to regain compliance with Nasdaq's minimum $1 bid price requirement, SNDL needs to close at or above US$1.00 per share for a minimum of 10 consecutive trading days before August 8, 2022, which most likely should happen sooner. We are still waiting for the Alcanna deal to be announced. That should be an important...
SNDL Sundial received an extension of 180 calendar days to regain compliance with Nasdaq's minimum $1 bid price requirement. SNDL needs to close at or above US$1.00 per share for a minimum of 10 consecutive trading days before August 8, 2022, which most likely should happen sooner. Let`s just remember how SNDL stock was trading at $3.96 one year ago around the...
Looking at the SNDL Mar 18 2022 .5 Call, bulls will try to get this up to $1 to keep it listed by then. Also, there next earnings is aroung March 15, 2022. Things should get interesting with this call. I got a couple hundred contracts.
Not a financial advisor. SNDL has been dragging along in the market. It needs to reach compliance - with the markets shifting green we could very well see the much awaited spark here. 3 white soldiers reversal up will solidify that run. It would certainly attract more investors. This is a high risk play - But one I'm willing to make. Momentum is shifting...