SNDL- Is it time to Accumulate?SNDL is in distribution. The last session had been brutal for the bulls, but I think there is hope in the new intraweek low and I believe there is a chance for a rebound not before retesting the intraday lows of $1.23
Good luck to everyone.
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SNDL trade ideas
Feast ur eyes, see for yourselves! Maybe be a 'lil reversal? It's early to tell if this is a SHORT TERM reversal for this gorgeous fledgling stock. In long term months it may go up. In the medium term it may go down. in the short term it may go up.
It's trading lower today. I have it going down on the daily and weekly chart. However on the 4 hour it looks like it MAY be reaching NEAR relative bottom/support. It went v high so it will take time to consolidate. I don't want to make any public predictions about how long the bearishness will last. However, I will say that my strategy is a yolo diamond hands HODL. I will HODL this stock and grab more. Specifically, I am buying more call options for January 2023. NOT INVESTMENT OR TRADING ADVICE.
Could it be a long term yum yum style?
Do your research!
Not trading advice!
SNDL Long: Ready to Shine on a new day?SNDL Long update. While our previous stated targets stand, this is a shorter time frame look at the previous analysis. A break and close below 1.67 opens up 1.48 to the downside followed by our 1.33 invalidation on a daily closing basis. A break above 1.67 on a daily closing basis confirms the long set up.
SNDL - Follow the moneyAfter an impressive run up on high volume, SNDL is cooling off and returning back to a more reasonable buying zone.
Technical reasons for the trade:
→ Price has exploded on high volume. This means more eyes are on this stock, with people who missed the first move wanting in on the action
→ Very little volume traded overhead. When this breaks the old highs, it will fly.
→ Price retracing back into the RLZ
→ As per finviz stats, SNDL still has a short float of nearly 17% (!!)
Good luck!
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SNDL - Patience Will Pay Off If we Stay Over the 50 EMAThe 50-day-EMA is acting as much-needed support.
50-EMA is giving SNDL enough time to catch up to the Ichimoku cloud for a potential blast off into the rocket ship territories.
With the recent price gap in the chart now fully filled we can look ahead towards meeting the Ichimoku cloud at some point during Friday's trading day.
The short term price target is at $3 as long as we stay above the 50-EMA
BULLISH
*THIS IDEA IS VALID AS LONG AS WE ARE ABOVE THE 50-EMA*
Sundial Growers INCI heard about $SNDL from traders on Twitter.
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.
Price action is showing us it's intentions so we basically need to be patient in order for it to play out to time a good location to execute some orders. I would actually like to see it head back down around the $2.00 area in the event this weekly candle close in strong bullish fashion.
I'll update as it progresses over time. NOT TRADING ADVICE!
$SNDL looks low, but there's hope I 💗 my LONG TERM strategy!*Sundial is headed down in the short term, however think of this fledgling cannabis stock that may flourish under this administration, house, and senate! When it bottoms one might consider grabbing more or grabbing stock call options for far out... if one believed in the company that much.
If you're holding, consider HODLing with diamond hands rather than selling at a loss. UP TO YOU THIS IS NOT ADVICE.
Also, a reminder that my posts are nearly all LONG TERM "LONG" investment strategies. These are NOT MEANT as DAY TRADES or even SWING TRADES.
Therefore, I stand by the linked related idea below. Please share feedback if you have any 😊
All of this isn't investment or trading advice
*Not investment advice
SNDL - Push back to $3? Maybe $4?Looking at NASDAQ:SNDL , it has a lot of attention and has had a large retracement at the end of last week.
It had almost a nearly 100% retracement and successfully tested the known supply zone at $1.80. If you had a buy order set up there, you would be VERY happy (and hopefully took profits).
During the retracement it created a strong downward resistance trend line, and then broke out sideways (no significant jump in price). Since that breakout, it formed another less aggressive resistance trend line, and then broke out of that before closing EOD friday. A part of me was hoping that we had one more to run with instead of the long weekend.
Due to this breakout at EOD Friday, the massive price potential of SNDL (as you can see it was at $4), the potential legalization of pot, and the fact that we had two of the shorter term Moving Averages cross, I think we can feel pretty good about a potential bounce up from where we are currently resting (around $2). This DOES NOT mean that $3 or $4 is guaranteed, as a bounce could be met with further retracement, hence why my TP targets are set between $2.50 and $3.00.
Thanks for coming to my Ted Talk. I look forward to revisiting this idea to learn.
SNDL Files $1B Shelf ProspectusThis indicates that they think the rally is over, and quickly raised more cash at investors' expense. When this is used up, their float will roughly be 1.9 billion shares.
Question is, what are they intending to do with the money. $800M cash, $1B shelf prospectus. At this point still a company with little value.
SNDL Long curl on the 1HRAfter last weeks rug pull we are seeing the stock have a slow squeeze back into the upside with a 16% short float. i'm still long bias on this stock as we are holding the 1.23 major Resistance. looking to take this up into $7.98-8.00 territory for a swing trade over the next few weeks but also looking for this to go long for the rest of the year into $20+