SNDL trade ideas
$SNDL (Political/Social Catalysts Approaching) Good evening or good afternoon to where ever you are?!?
Let's start off by saying that this stock has quite of few catalysts ahead of it.
(Mexico is about to legalize marijuana, which will put pressure on Biden to do the same | Medical/Political pieces you can search.)
Uruguay and other countries have seen an amazing benefit from legalizing weed one being a major decrease in crime.
Mexico is thinking of following suit of AMERICA and CANADA and legalizing weed. They're expected to draft a plan and bring it to a floor and figure out if it will be nationally or a small roll out at first.
Mexico has quite a few politicians pushing to help take away one aspect from this dangerous drug trade and just legalize weed.
Also take a look at their investor slides they Have an amazing team with a C-level suite team that comes from companies like KELLOGG's/MARS/GENERAL MILLS (google their investor slideshow for march 2021)
Look if you're waiting to scalp on this or wait for any of these catalyst, you're not going to get anything out of this. This is a long play based on some of these potential catalyst's in the future. (numbers look good too*)
I know there are quite a few institutions and investors with bigger followings posting articles that support their shorts, but weed is going to become like SODA,GUM,CHIPS, everyone is going to want to get in at some point.
The days of W.B. MASON are gone. Weed prohibition is over. The future is now old man. (sorry if you're an older gentle man or lady)
Respect peace and mad love to everyone. :D
-Wayne
This is not financial advice. This is merely an opinion piece to start an educational conversation. Do not buy and do your own due diligence.
SNDL: Each analysis, we hit a target! Let's see what's next.Hello traders and investors! Ok, so, our analyses on SNDL have been quite precise, as it nailed another target that we talked about in my last analysis. In fact, SNDL did hit all our targets with an astonishing precision. Let’s see if we can understand what’s going on again. And of course, my last analyses on SNDL were public, and you may just check the links below for more details, if you are curious.
In the 1h chart we have what seems to be a False Breakout from the resistance at $ 1.64, as the price went above it, but couldn’t keep up and close above the black line. Now the odds are that SNDL will seek one of its supports, and a good candidate is the area between the 21 ema and the $ 1.47 (red line, previous top).
Now, the daily chart:
The thing is, we have earnings soon, and this surely will bring some volatility and could ruin the short-term reading of the charts.
But this doesn’t change the bullish bias seen here, as we have higher highs/lows in the 1h chart, and it is above the 21 ema in the daily chart, and the volume increased yesterday. This means that pullbacks are opportunities to buy.
Let’s see how SNDL will behave in the next few days. Remember to follow me to keep updated about SNDL and other stocks I analyze every day. And if this idea helped, please, support it with your like!
Thank you very much.
SNDL run is over but not deadI have made great money from SNDL on this recent run but the trend is going back down. "Sell in May and go away" is real and so are algorithms, take your profit or minimize your loss or you could be holding this several months. To back this up, take a look at SPY and the magnitude it is up over any moving average above 20. I will be watching this fall and following US law changes so you should keep it on your watch list regardless of this inevitable drop coming up. Look to get in early on a longer moving average bounce before November hits.
SNDL imminent short-squeezeMy previous technical annalysis for SNDL still intact.
SNDL is outperforming other pot stocks such as TLRY and APHA with a HUGE volume (300M) equal to about 3x the 10 MA, and about 10x the volume from TLRY and APHA, representing a 30% of SNDL market cap.
Volatility is extreme, I anticipate a high chance tomorrow will open gapping in green and final short-squeeze is very close, I aim to TP2 probably happening between Wednesday and Thursday. Make sure to take profits in between and most importantly, set stop loss!
EDIT : Volume already 450M+ !
SNDL Earnings this week. SNDL has been one that hasnt seen alot of action except for that big red candle which reached a 52 week high of 4 dollars. MACD is looking like its closing red and ready to turn green, while the RSI is steady for now. Earnings will be interesting to see what the company has in terms of plans for the future, and how they have been performing. Keep in mind any bad earnings report and this stock will fall below 1 dollar. But if earnings are positive we can see it go back to prior highs or reach new highs.
SNDL Sun dial
-Canadian cannabis company
What does Sundial Offer?
-CBD
-Cannabis
Process of creation for Sundial Products
- Self created environment
-computer monitored growth
- strict climate and monitorization
Company motto “ Safe and consistent cannabis”
-experienced growers
-researchers
-Quality assurance specialists
Team consists of companies industry leaders
Kellogg's, general mills, Molson Coors.
Health and safety is always our first priority. For our customers, we have implemented quality assurance checks at every stage of production, from planting seeds to packaging shipments. For our employees, walking through the doors at Sundial every day means feeling welcome and safe, both physically and emotionally. We take personal wellness seriously—it’s part of our brand, and it is an essential part of our culture.
Current market cap Enterprise value TTM
- 2.36 billion 2.44 billion 2.76
Share statistics Avg Vol (3 month) 534.56m
10 day average 267.85m
Outstanding shares 1.66b
2019 the marijuana industry was estimated at $13.6 billion.
15 states with legal recreational weed
Alaska
Arizona
California
Colorado
District of Columbia
Illinois
Maine
Massachusetts
Michigan
Montana
New jersey
Nevada
Oregon
South Dakota
Vermont
Washington
please do your own DD, SNDL is undervalued in the current space of the Marijuana industry with states starting to pass bills to legalize the consumption. Medicinal values will add tremendous growth to the company as canabis is consumed by the elderly and people who are going thru traumatic injuries, and chemo.
$SNDL looking like it's making a comeback? What will happen nextI am not sure what will happen, but I really hope it skyrockets, because I YOLO'd much of my portfolio on it in order to pay for my business which is launching an app for activism to save the world. I bought $.05 call options expiring tomorrow with a strike price of $1.50. Either an excellent idea or a terrible one! Let's see! To the moon!
Have fun! Good luck!
Not investment advice
$SNDL Sundial Growers Inc.This one is gathering some momentum.
Public float is 437M shares.
“ Sundial Growers Inc. engages in the production, distribution, and sale of cannabis products for the adult-use market It is also involved in the production, distribution, and sale of ornamental plants and herbs in the United Kingdom. The company offers its products under the Top Leaf, Sundial Cannabis, Palmetto, and Grasslands brands. Sundial Growers Inc. was incorporated in 2006 and is headquartered in Calgary, Canada. “
... I’m going to YOLO this one for a month or more and buy the DIPS (of which it has many).
When in doubt, look at a one and three month chart to see the TRUE DIRECTION of movement ~