SNDL Inc.Long
SNDL is About to Pop! (Fortune Fractal Part #2)
***If you haven't read the first post, I would suggest reading that first part to get the full context of what I am about to talk about (check my profile).
We are currently in the second step of what I coined the "Fortune Fractal" Pattern. The price action is around the SMMA 7 line, and it won't be long before a massive move to the upside could happen. I am just waiting for the full retest at the SMMA 7 line. I listed a few of my additional thoughts on what to consider if you plan to enter this trade:
1.) The current price action on the day-chart is showing a beautiful bull flag. These are usually a good indication of a potential move to the upside once the price moves above the flag (of consolidation).
2.) Previous fractals seem to bounce around the pink line on the RSI (around 45.90) and after that the price shoots into the overbought region.
3.) The blue line seems to dip below the yellow line on the MACD slightly before the move to the upside. Additionally, there is sometimes a small red slope on the histogram before it reverses to green.
Keeping all of these factors in mind, I can see a green SNDL explosion very soon if everything plays out right (personally, the set up with the price action couldn't get any better).
***Please remember that I am NOT A FINANCIAL ADVISOR, this is simply my way of analyzing the SNDL stock using fractal analysis. Do your own Due Diligence!
We are currently in the second step of what I coined the "Fortune Fractal" Pattern. The price action is around the SMMA 7 line, and it won't be long before a massive move to the upside could happen. I am just waiting for the full retest at the SMMA 7 line. I listed a few of my additional thoughts on what to consider if you plan to enter this trade:
1.) The current price action on the day-chart is showing a beautiful bull flag. These are usually a good indication of a potential move to the upside once the price moves above the flag (of consolidation).
2.) Previous fractals seem to bounce around the pink line on the RSI (around 45.90) and after that the price shoots into the overbought region.
3.) The blue line seems to dip below the yellow line on the MACD slightly before the move to the upside. Additionally, there is sometimes a small red slope on the histogram before it reverses to green.
Keeping all of these factors in mind, I can see a green SNDL explosion very soon if everything plays out right (personally, the set up with the price action couldn't get any better).
***Please remember that I am NOT A FINANCIAL ADVISOR, this is simply my way of analyzing the SNDL stock using fractal analysis. Do your own Due Diligence!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.