SNDLI wound not go long.
no volume backing up the last two weeks +58%.
still in falling trend (green channel)
SNDL
SNDL confirmed bottom with Classic Bullish DivergenceSNDL finally putting in a higher low. We got that Classic Bullish divergence and now it appears SNDL has backtested weekly support as support yet again at $0.46. The chart is saying we're going to get some sort of rally. Keeping the stop loss below that previous low around $0.40 makes sense when SNDL can easily go on a 50-200% streak in the next month or two...or it could fail. Keep emotions in check on these weed stocks.
Entry: $0.50
1st Target: $0.92
2nd Target: $1.10
3rd Target: Moon
Edit: Ignore the white line on the RSI, that doesn't have anything to do with my trade setup. The MACD is the classic bullish divergence.
SNDL Elliot Wave AnalysisSNDL Elliot Wave analysis
Elliott Wave Theory is named after Ralph Nelson Elliott (28 July 1871 – 15 January 1948). He was an American accountant and author. Inspired by the Dow Theory and by observations found throughout nature, Elliott concluded that the movement of the stock market could be predicted by observing and identifying a repetitive pattern of waves.
Elliott was able to analyze markets in greater depth, identifying the specific characteristics of wave patterns and making detailed market predictions based on the patterns. Elliott based part his work on the Dow Theory, which also defines price movement in terms of waves, but Elliott discovered the fractal nature of market action. Elliott first published his theory of the market patterns in the book titled The Wave Principle in 1938.
Simply put, movement in the direction of the trend is unfolding in 5 waves (called motive wave) while any correction against the trend is in three waves (called corrective wave). The movement in the direction of the trend is labelled as 1, 2, 3, 4, and 5. The three wave correction is labelled as a, b, and c. These patterns can be seen in long term as well as short term charts.
Ideally, smaller patterns can be identified within bigger patterns. In this sense, Elliott Waves are like a piece of broccoli, where the smaller piece, if broken off from the bigger piece, does, in fact, look like the big piece. This information (about smaller patterns fitting into bigger patterns), coupled with the Fibonacci relationships between the waves, offers the trader a level of anticipation and/or prediction when searching for and identifying trading opportunities with solid reward/risk ratios.
Another short on Sundial. SNDLLast time we had a laugh with the deniers and the haters. But guess what! She's going to dive again. Don't hate the player, hate the game.
Goals 1.13, 0.97. Invalidation at 1.83 .
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
SNDL bullish ahead of the Alcanna dealThe merger between Sundial and Alcanna should occur on or before March 30 following an extension of an earlier agreement.
This deal could send SNDL to the $1.70 resistance short term.
Looking forward to read your opinion about it.
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.
Sundial Growers (USA: $SNDL) Ready To Spring Higher! 🌼 Sundial Growers Inc. engages in production and marketing of cannabis products for the adult-use market in Canada. It produces and distributes inhalable products, such as flower, pre-rolls, and vapes. 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.
Been a while since we had a bull indicator.This looks prime to take off after or before earnings. we need to bounce from the yellow X and see all past resistance become support.
This could all be made possible by next earnings.
Watch and good luck.
Not Financial Advice.
SNDL Sundial Price TargetAfter receiving an extension of 180 calendar days to regain compliance with Nasdaq's minimum $1 bid price requirement, SNDL needs to close at or above US$1.00 per share for a minimum of 10 consecutive trading days before August 8, 2022, which most likely should happen sooner.
We are still waiting for the Alcanna deal to be announced.
That should be an important catalyst to drive the price higher, to the next resistance, of $1.25.
SNDL 180-Day Extension by Nasdaq to Regain ComplianceSNDL Sundial received an extension of 180 calendar days to regain compliance with Nasdaq's minimum $1 bid price requirement.
SNDL needs to close at or above US$1.00 per share for a minimum of 10 consecutive trading days before August 8, 2022, which most likely should happen sooner.
Let`s just remember how SNDL stock was trading at $3.96 one year ago around the same date.
But the company made progresses and the Alcanna buyout should take Sundial Growers Stock back to $1.
The investors were scared because of a possible dilution or delisting from Nasdaq for non-compliance.
Now it should also regain trust from investors and see it touching the $1.30 resistance soon.
SNDL Options CallLooking at the SNDL Mar 18 2022 .5 Call, bulls will try to get this up to $1 to keep it listed by then. Also, there next earnings is aroung March 15, 2022. Things should get interesting with this call. I got a couple hundred contracts.
SNDL gets pep in its stepNot a financial advisor.
SNDL has been dragging along in the market. It needs to reach compliance - with the markets shifting green we could very well see the much awaited spark here.
3 white soldiers reversal up will solidify that run. It would certainly attract more investors.
This is a high risk play - But one I'm willing to make.
Momentum is shifting back.
RSI turning up
MACD & TSI looking to cross soon.
All of which indicates bullish moves to come.
One to keep an eye on for the month of Feb.
Who knows, maybe Weed will be legal before 4/20 - would be great for business.
SNDL at Dec 2020 support | Ready for an important bounce ?SNDL Sundial stock is oversold at the December 2020 support price level.
looking at the chart, the upside is $1.4 by the end of Q2.
Sundial has a pending purchase of Canadian liquor retailer Alcanna .
Alcanna owns a majority stake in Nova Cannabis, a cannabis retail chain.
I think Sundial positions itself as one of the major cannabis players of 2022.
Looking forward to read your opinion about it.
The cycle theory is not over 🚀Since the pandemic, AMC and other stocks have been heavily manipulated and we are feeding more and more to the kolaps. It's not financial advice just a technical analysis from my side
SNDL retracement to good entry near .48Hello guys.
Here is my TA for SNDL atm.
Due to market conditions as of now, I feel there is further retracement to be made. Short sellers know there is plenty of retail in this stock, and day by day their moral is being destroyed.
Taking a look at this chart, heres what happened
We have been in a falling wedge for quite some time, and as you can see once we broke out we turned that resistance line into support.
If we take a look at the marked level of right around .48-.49 cents, we can see 3 key points that lead me to believe this will be a strong entry.
First, this is a previous support level.
Furthermore, this support level actually lines up perfectly with the falling wedge resistance that we broke out of, as well as falls right on a key fib retracement level from some of the more recent highs.
I will be waiting to see if this move occurs, and taking an entry right around these levels. I have not yet decided where TP levels will be for a long simply because I have not charted yet, as I do not see a purpose until we reach that level and determine what the market conditions upon arrival to this entry.
Lets see what happens!
SNDL COMPLIANCE runBought the dip at .50 .45 .40 now waiting for compliance.
They have 10 days for an extension, a reverse split, or a buyback to get above 1$. i am straddled and positioned for whatever they do. i am accumulating and will be on this stock forever.
they have profit, 500m in the capital, and just bought alcanna outright.
little to no debt, (only for typical operations)
their projected earnings are looking good.
Sundial: Time to Short?Sundial Growers - Short Term - We look to Sell at 0.5245 (stop at 0.5700)
Previous support level of 0.5400 broken. The trend of lower highs is located at 0.6660. Previous support, now becomes resistance at 0.5400. The bias is still for lower levels and we look for any gains to be limited. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 0.5400, resulting in improved risk/reward.
Our profit targets will be 0.3197 and 0.2890
Resistance: 0.5400 / 0.6000 / 0.6800
Support: 0.4300 / 0.4000 / 0.3000
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
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Sundial Growers sinking further. SNDLWe broke the floor with the latest candlestick. This means we are going even lower. I am taking Wave C of the latest zigzag to estimate how low, while taking conservative estimates. Anyway, picture overall for a bearish outlook here.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
SNDL to purchase liquor retailer AlcannaBesides an estimated $540 million in sales in 2022, up from an estimated $50.5 million this year, Sundial has a pending purchase of Canadian liquor retailer Alcanna.
Alcanna owns a majority stake in Nova Cannabis, a cannabis retail chain.
I think Sundial positions itself as one of the major cannabis players of 2022.
My Q1 price target is $1.7
SNDL BOTTOM??Check it out, let me know what you think. SNDL look like a double bottom with a couple and handle formation under way.
What is the short % on this right now?
SNDL Sundial Price TargetsIf you haven `t bough the stock here, at 0.57usd:
then you should know that Malta became the first European Union member to legalize recreational use and growth of marijuana.
Democrats overwhelmingly support legalization for both medicinal and recreational purposes of marijuana.
If the U.S. market open up, it could be a boon for SNDL stock.
My price targets for SNDL are 0.93 for January an 1.25 for February 2022.
Looking forward to read your opinion about it.
