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SNDL

SNDL: Will it fly again? It seems so.Hello traders and investors! Let’s see how SNDL is doing today! It has been some time since we talked about it, so we have many things to update! First, for several months, SNDL did nothing, but now it seems it is waking up again. When it broke the resistance at $ 0.79 we had something new, and now we are in a clear bull trend with higher highs/lows. Any pullback must be seen as an excuse to buy SNDL. Now, we are heading to its target in the daily chart : It seems we have a rounded bottom , and some would say that this even a Cup & Handle, but this is not important. What matters is the meaning of this movement. Right now, we have something new on SNDL, as the price is not dropping or in an accumulation anymore, and what’s even more interesting, the volume is increasing . This means that the players are excited about the stock, and technically speaking, our next target is the $ 1.75. Let’s see if SNDL wil hit there again in the next few days. Meanwhile, remember to follow me to keep in touch with my daily updates, and support this idea if it helped you! Thank you very much!
NASDAQ:SNDL
by Nathan_The_Finance_Hydra
17
#SNDL - Weekly showing strenght and reversal signsIf we look at the weekly chart, I identified two main reasons why I consider 0.7$ being the bottom and why I think there are good chances that we can see higher levels soon: 1- Previous week candle was a piercing line candlestick pattern, with the opening below the previous candle close and with the close above the mid-body of the previous week 2- The price is reacting strongly with high volumes at the 0.72$ level, which is where most of the institutionals have their average purchasing price In addition to this, just to estimate where the price might go by the end of this week, let's have a look at the average true range of the last 3-weeks: the price had an average extension from low to high of approximately 0.13$. This means that, starting from the assumption that the week will be a positive one, and having the low of the current week at 0.715$, this means that the price might "potentially" extend its movement up to 0.845$. This is pretty realistic and we of course hope that this will be just the beginning of the trend reversal. Also, in the H1 chart, the head and shulder pattern that I shared few days ago, is going to complete its formation attacking the 0.795$ resistance level soon.
NASDAQ:SNDLLong
by FrancescoMerlettini
SNDL Update ...beware of slow price actionChart posted 5-24-2021 at 10:35am - This has been a pain in my side.. pesky little equity lol. However I think we continue to see the support show actual "SUPPORT". The pattern that has just drawn is a bullish one and should hopefully bring us back upside to 85 cents. I think the move may be very quick.. esp as market had some positive results today. May even take place in post market, but I think this is a good sign (if it doesnt reject). Possible rejection could be 75 cents. We want to see big moves upside quickly.. if not then the failure could be just drawing us in. Yes bullish patterns can fail.. Lets just see what happens with price action. Longer than expected price action = failure...
NASDAQ:SNDLLong
by Moorsc0de
2
SNDL breakout trade !!Hello Trader, good mood and profitable trades ! As you can see on the chart, SNDL forming a bullisht chartpattern !! MACD : divergence an d bullish cross RSI and STOCH: bullish divergence TRIGGER: breakout whit confirmation on LTF or bullback Fib bretracemant act as targets SL if price falling back in the pattern under 0.618 , or under 1d ma20 ! Remember that things can change too . If you like this idea , support me with likes and comments !! Dyor and trade save !
NASDAQ:SNDLLong
by TR7z
6
#SNDL - Weekly chart piercing line patternThe end of the week is showing a reversal candelstick pattern: the piercing line. In fact, the week opened below the closing of the previous week and it closed abive the mid-line of the previous week. This indicates that bulls overwhelmed bears this week. Moreover as you can see from my latest idea, there is a reversal head and shoulder formation in the H1 timeframe, with neckline at 0.795$. I am extremely confident that this line of resistence will be broken next week and the bullish trend reversal will start
NASDAQ:SNDLLong
by FrancescoMerlettini
#SNDL - Fun has finished for bears. H4 showing reversal signsLong story short: H4 chart is shwing a H&S reversal pattern which will be confirmed in the next hourly sessions, by breaking the neckline at .795$. In my opinion there are good chances to see a runaway gap above this level tomorrow FRI 20th. Target for this technical pattern is 0.92$, while 0.85$ is the target for the green channel that you can also see in the chart. Longer term, next target will be 1.4$, which is the falling wedge target in red. After that level is reached.... only highways.. Good luck! -- THIS IS NOT A FINANCIAL ADVICE --
NASDAQ:SNDLLong
by FrancescoMerlettini
SNDL BUY/LONG NOW READY! (LAST CALL FOR ENTRY) 0.7-3.00TICKER CODE: SNDL Company Name: Sundial Growers Inc. Industry: Healthcare | Drug Manufacturers - Specialty & Generic | Canada Position Proposed: BUY Technical Analysis 1. Large Head & Shoulders 2. Fibonacci Retracement at 0.786 (Silver Zone) 3. Falling Wedge Completed 4. 1st Take Profit will hit the key Impulse of the massive sell Entry: Now Ready (0.65-0.7) 1st Partial Take Profit: 3.00 2nd Take Profit: 4.10 Expected Take Profit in July - December 2021
NASDAQ:SNDLLong
by traderprosignals
#SNDL - Falling Wedge in H1 broken with volume! #SNDL is in my opinion very close to reverse the downtrend. Possible rebounce area at 0.7$, if not happening before. The one hour chart is showing a falling wedge being broken - with volumes - on April 27th and the price is now retracing looking for a pullback. Very interesting to see how this bullish wedge pattern is also supported by an RSI divergence: so, basically, the RSI shows higher lows, while the prices are showing lower lows. This is pretty indicative of the fact that sellers are loosing momentum. The target of the falling wedge stands at 1.35$, but I am pretty convinced that once we reach the 1.3$ again, we'll not be seeing the bottom under 1$ anymore.
NASDAQ:SNDLLong
by FrancescoMerlettini
2
#SNDL - Rounding bottom and huge H&S in Weekly TFAfter sharing my vision of SNDL in the short term, through an analysis of H1 chart, I would like to share my long term vision, using a weekly chart. After IPO in Aug 2019 (13$) there's been a lot of diluition of shares which brought the prices down to 0.2$. During this huge drop, the prices reacted on Jan 2020, reaching 3.9$ and creating the left shoulder. After that prices dropped again reaching the bottom and they reacted again in Feb 2021, re-testing again the neckline that was created one year before. In my opinion the price is now forming the right shoulder before attacking again the neckline for the third time, completing the H&S formation. This might take 1-2 years the latest - in my opinion - and once prices are there we could see a strong brekut of the neckline pushing the prices up to the 0.382 Fibo level and 0.5 Fibo Level a 6.69$. Moreover, from the chart is pretty visible how the price is forming a reversal bottom which gives us a strong indication that buyers want to take this out from this stagnant price levels. So this title will not payback immediately and we need to patient.
NASDAQ:SNDLLong
by FrancescoMerlettini
2