Probably my most important video update so far... Let's see hw the recent months mvements might help us to understand what the next move might be. In the meantime, price is just doing what it should, meaning covering the gap. Not completed yet, but we're close to it. Not financial advice, just personal opinion and analysis
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!
Sundial announced last week a share repurchase program! Program will commence on November 19, 2021 and expire on November 19, 2022. Sundial Growers can purchase a maximum of 102.8 million shares, representing approximately 5% of the company's issued and outstanding shares. Last month, Sundial announced the purchase of retail company Alcanna, which operates 171...
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...
There's not a strong fundamental analysis around this post but the chart looks great Breaking out of our Downtrend line and flattening out. The weed industry has been bleeding out all year and it looks like its about time for a little rally. Sundial has been making moves this year acquiring Spiritleaf and Alcanna inc. With that they are back down way below this...
With the legalization of cannabis in more states in the USA, this stock is going to the moon. I anticipate that we will reach the high target of this channel which is about at least $14 in the middle of Feb 2022.
SNDL Sundial, beside being considered a meme stock, it was a top volume asset in the last few months. SNDL Sundial stock has an Avg. Volume of $206,286,369 Yesterday Volume was $102,632,702 Due to this fact and the increase demand in the cannabis industry, my price target is 1.25usd resistance. But if we use the Fibonacci extension tool, we will see a 2.8usd...
Chart painting from the early 21st century, artist Maxi Scalibusa. No investment advice or a recommendation to buy or sell any securities. This is entertainment. Start 0.9700 USD
The end of the week is showing a reversal candelstick pattern: the piercing line. In fact, the week opened below the closing of the previous week and it closed abive the mid-line of the previous week. This indicates that bulls overwhelmed bears this week. Moreover as you can see from my latest idea, there is a reversal head and shoulder formation in the H1...
Long story short: H4 chart is shwing a H&S reversal pattern which will be confirmed in the next hourly sessions, by breaking the neckline at .795$. In my opinion there are good chances to see a runaway gap above this level tomorrow FRI 20th. Target for this technical pattern is 0.92$, while 0.85$ is the target for the green channel that you can also see in the...
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...
The H4 timeframe is suggesting interesting points which make still think that we are close to a rebound; as I recently shared, the 0.7$ area is extremely important has it is where three important trendlines are crossing (this is not visible frm this chart). Summarizing my points: 1- RSI showing divergence with price action, and it is rebounding for the third time...
H4 charts shows how three main trendlines meet at 0.7$ point, exactly where the price is bouncing now. The purple line, the black line and the green line all meet at this point. I would not be surprised to see a reaction tomorrow from these current levels, and a second/third and fourth week of May definitely bullish, in my personal opinion!
#SNDL is in my opinion very close to reverse the downtrend. Possible rebounce area at 0.7$, if not happening before. The one hour chart is showing a falling wedge being broken - with volumes - on April 27th and the price is now retracing looking for a pullback. Very interesting to see how this bullish wedge pattern is also supported by an RSI divergence: so,...
After sharing my vision of SNDL in the short term, through an analysis of H1 chart, I would like to share my long term vision, using a weekly chart. After IPO in Aug 2019 (13$) 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...
The fibonacci retracement looks accurate, and the support levels are playing out well. I just love the way this stock has been moving, I've been on it's wavelength since January. Let's see if it we can keep this chemistry going.
If you saw my latest post I talked about short term down trend being broken (now marked on faded blue line) those lines were made last time with a daily candle. This time I worked with the 1 week candles which made me see what I was expecting from SndL (I’m using the Heikin candles to remove noise and get a more accurate long term trend) knowing be broke daily...
Price has reached a key area of support & yesterday has rejected off 0.92 with a bullish pin bar to finish off the day. I am expecting price to rise while trading above this zone, to visit the last area of structure resistance above once again..