SNDL
SNDL Harmonics- Long CallThis is update to previous SNDL "Bottom IN" call (see linked chart below). This updated chart is to provide a bit more of my insight to what I feel is going on. Today SNDL may make a bit of a rest and bring itself back down to 0.86 cents to form a more stable bottom to the pattern. We are currently at .382 and those are not so common for deep crab patterns.. so I am expecting it to come back down a bit. This may serve a better opportunity for late traders to get in before a move up. This will be your last opportunity as well lol... So look for a buy in maybe around 0.86 cents.
Again this may also spike up today- if so- be ready. However its not common to see a .382 fib force a pump up, but it does happen in super strong bull markets. I do not think we are in a bull market right now. However, you can see here the OVERALL thinking and long term move in mind.. which should payoff well. ENJOY!
If you like the chart- please THUMBS UP and SHARE. Thank you
Latest analysis for SNDLIf you saw my latest post I talked about short term down trend being broken (now marked on faded blue line) those lines were made last time with a daily candle. This time I worked with the 1 week candles which made me see what I was expecting from SndL (I’m using the Heikin candles to remove noise and get a more accurate long term trend) knowing be broke daily down trend and seeing that we are close to the end of this beautiful triangle makes me believe SNDL is not going to the moon today or tomorrow. But slowly we are going the right direction. Green line shows the long term uptrend and asides from Hype!!! We have a company that i believe has lots of potential to grow.
SNDL: There's no hope for SNDL? Maybe there is.Hello traders and investors! Let’s see how SNDL is doing today!
The support level at $ 0.95 didn’t hold the price at the first moment, but SNDL is trying to do a nice reaction right now. For the first time in more than one month, we have a clearly higher low in the 1h chart.
This means that if SNDL breaks the $ 0.95 again and triggers the pivot point at the black line at $ 1.03 , it’ll trigger a reversal pattern that could make SNDL fly again. This pivot point is so important because it can reverse the bear trend in the daily chart as well:
Finally, the volume is increasing again, which is something we needed for a long time. We talked about how the volume must increase for SNDL to start a new movement in our last analysis, and if you missed it, the link is below as usual.
Now the volume is increasing, which is good, but today’s candlestick pattern is quite frustrating, right? Yes, but the pivot point at $ 1.03 is the most important key point for the short-term, and regardless of how the candlestick looks at the end of the day, it won’t change this key point.
If SNDL is serious about reversing the bear trend, it must do a very strong bullish structure, and these things take some time, so, let’s calmly wait for more clues in the next few days.
And if you liked this analysis, remember to follow me to keep in touch with my daily studies, and please, support this idea if it helped you!
Thank you very much!
$SNDL Target 2.79 for 56.74% $SNDL Target 2.79 for 56.74%
Or next add level is at .77
My SNDL target is very aggressive, but I have no doubt it will hit... I'm very patient. I have a bunch about to sell so If I need to I will double my position at .77 and update target as necessary
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
SNDL BUY/LONG OPPORTUNITY NOW READY! Technical Analysis
1. Large Head & Shoulders
2. Fibonacci Retracement at 0.618 (Golden Zone)
3. Pennant/Falling Wedge
4. 1st Take Profit will hit the key Impulse of the massive sell (Some resting sell orders will be there hence pushing the price down which would
create a breakout and retest of Head & Shoulders formation) - Note that the 1st Take Profit Level is also at Fibonacci Expansion Level 1 (Grey Zone)
which is good for safe take profit
1st Take Profit: 3.0000
Re-Entry: 1.9000
2nd Take Profit: 4.1000
SNDL: The most important Key-Point for the short/mid-term!Hello traders and investors! Let’s see how SNDL is doing today! Since our last analysis, it didn’t move much, but on the bright side we still have some good stuff going on here. Let’s talk about it.
First, it seems the support level around the $ 0.95 is working as a nice support level, indeed, as we already expected weeks ago. It did a good sign on April 8, when it did this nice Harami candlestick pattern, but SNDL is quite weak, and now it is back to the support level.
But again, it is a support level, so, there’s not much to do, but wait for a reaction. In the daily chart the support at $ 0.95 is clearly the most important key point to keep in mind for now:
If we see any reaction around here, SNDL could easily retest the $ 1.64, at least. The $ 1.64 was a previous resistance , and now it is a target for us, but only if SNDL does anything good around.
What would take for it to react? First, the volume – it must increase in order to form a nice bullish structure. Second, we must see a bullish pattern in the daily chart that confirms the possibility of a reversal.
Reversals are risky plays, but since the R/R ratio is quite good, it is worth to trade it. Let’s follow SNDL closely, and if you liked this analysis, remember to follow me to keep in touch with my daily studies, and please, support this idea!
Thank you very much!
SNDL: Tired of seeing it dropping? We might have some good news!Hello traders and investors! Yes, SNDL is heading to our target at $ 0.95 again , which is good. In our last study, SNDL was doing some nice patterns, but unfortunately, none of them were triggered.
Now that we are close to our target at $ 0.95, we might see something interesting again. And if you missed my previous public analysis on SNDL, the link to it is below as usual.
In the daily chart, is clear the importance of the $ 0.95 , as it was a relevant resistance in the past, and it has been working as a support level now.
Since SNDL is inside a congestion , between the $ 1.64 and the $ 0.95, all I know is that when we get close to the bottom area, we should buy, and when it gets near the top level, it is time to sell.
Of course, it is not that easy, because we must wait for the right patterns to appear . For instance, the last buy opportunity on SNDL was during that Hammer pattern, which we also discussed here in my public analysis.
Now, if SNDL does anything similar, it’ll be a great buy sign. The volume is very low, indicating that it is dropping not because we have a sell-off, but because the market is weak.
What’s more, the weekly chart is looking curious:
For the first time in a very long time, SNDL is trading above the 21 ema , and what’s better, it found a support at it now.
If SNDL is about to react, now is the best moment. And if you want to keep in touch with my daily updates, remember to follow me , and please, support this idea if you liked it!
Thank you very much!
$DFFN cup & handle 1HR1HR Chart on the handle of the cup right now as well as a touch off the .86 support line on its way back up too over $1.00
SNDL - How to gain followers in one easy step.Hello fellow traders; time for another analysis w/ SmoothPips
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Dancing on the trendline Risk/rewardThe setp up its market and sector dependent, as its all along the same neighbourhood. We need upward confirmation on any major player in the sector, cgc, tlry or cron(for mega corfimation). However this is fanteastic risk reward entry at the bottom if you are game
It is a great trade because the risk reward factor its perfect
We enter the trade at the bottom with a stop right there below 1.07, if it drops we re enter at the next support, early 90s..
Trailstop tight all the way up, but once you are out of the pennant and cross the trendline resistance, you can relax the stop to the higher dolar moves as the volatility will increase as itapproacehs and leaves each resistance.
Recoommended trade size////1000 shares just a thought
good luck!
Ready or not here we go!!!So Tilray has it all, fundamentals..yes i just got the literature, healthy read, from the merger with apha and its looking fantasmagoric.
The industry is heating up globaly. Canadian cannabis sector on full boom and consolidation cicle..oportunity everywhere
I would thread carefully as always, cause this is a volatile industry..treat as day trade always.
Be ready to cal lin the sale afterhours or pre market...if you are fe..eling overnighty..
goodluck
\Just a thought
SNDL: The most important Key Points we must keep in mind!Hello traders and investors! Let’s talk about SNDL again! Since our last study, it hit our target at $ 1.25 and it lost this price level, which now seems to be working as a resistance. If you missed our last analysis, the link to it is below this post.
Ok, SNDL didn’t react around the $ 1.25, and it retested it as a resistance, following the Principle of Polarity , and we have lower highs/lows in the 1h chart. What’s more, it seems we have a purple trendline guiding the past top levels, while the 21 ema works as a resistance zone as well. Probably the trendline and the 21 ema are the most important key points for both, short and mid-term.
All of this is a clear statement that the trend is still bearish , and we have yet to see a clear reversal pattern. Now, let’s see the daily chart:
The idea of an Inverted Head & Shoulders pattern still exists, but it gets weaker as the time passes and SNDL doesn’t trigger it. It did a Piercing Line pattern (as evidenced by the blue square), but if the price loses it’s low, then the $ 0.95 is the next target for it.
We must see a good reversal pattern in the 1h chart before we see it reversing in the daily chart as well, but it seems SNDL is in a very delicate situation and whatever if it is bullish or bearish, we’ll have our answer very soon.
Remember to follow me to keep in touch with my daily studies, and if this idea helped, please, support it with your like!
Thank you very much!
SNDL-Repeating PatternsOn this analysis, we can clearly see the repeating patterns that SNDL been forming on its chart.
-It is pretty clear how SNDL is in love with the Ascending Triangles.
-While some triangles took days till the breakout (rise), some took months (purple triangle). So it really depends on market sentiment and investor's confidence.
-The recent big rise again followed by a nice drop which brought the potential for another Ascending Triangle formation.
-Another fact about the patterns is that every rise was followed by a bigger rise! But also every drop was bigger (in percentage) than the previous drop.
For ex: While the first 2 drops were 24% and 40% big, the next 2 ascendings had a drop of 60% and 50%. And lastly, the recent drop was 70%. So each time,
the returns are bigger, but the risks are getting bigger too!
-Currently, the length of the triangle is 1 month and 14 days. The longest time it took to break the triangle (purple triangle) was 2 months. Looks like we are going
for the 2 months long triangle formation again!
-With the given lost confidence among investors due to the market volatility and rising bonds, it is more probable that SNDL will wait for couple more weeks to fill the 2 months period for another breakout and rise.
-ATR is also getting close to its Volatility support level, but still has some space to drop. Probably will cause a little more drop in SNDL price as well.