Sundial Growers, which is one of the volume leaders in the market each day and one of the most owned stocks by retail investors on trading apps like Robinhood is forming the handle of a BULLISH Cup and Handle formation. In addition to being on an uptrend and consolidating at the $1+ level, the stock is also seen as undervalued given that it only trades at 2x tangible book value compared to 12x tangible book value at other cannabis stocks like
CGC and 
ACB. The interest in call options for the stock are trending quite bullish and they imply that traders are expecting a run up similar to the one seen by the stock in February, 2021.SNDLHere are some bullet points on the stock which has seen a sudden influx of buy-ins from hedge funds and institutional investors this quarter.
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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.