SNDL - Day of reckoning coming for weed stonks?
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 growth. As the Fed tightens, people will look to value vs growth and this sector is at/near all time lows. Risk to reward is a no brainer.
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 growth. As the Fed tightens, people will look to value vs growth and this sector is at/near all time lows. Risk to reward is a no brainer.
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