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SNDL

SNDL - Meme or TA Dream? I know SNDL is still living in Reddit/Meme territory, but there are also some very solid technical analysis (TA) indicators that could mean we're in for another push. Chart above has call outs for major points of consideration, but will recap here as well: Each push that SNDL has made, comes back to the .618 retracement line (which is a pretty sizable pull back). The most recent push has already made that pull back. We have touched the 50 day moving average and the long term support line . Each time in the past the 50 day moving average and support line have been touch there's a big push that follows The only caution I see here is the overbought position on the Stochastic RSI (1 day candles). We could see a drop in the next day or two, but I don't see that impacting the over all trend. It could be another test/tap on the support line before a big push. Lots to consider here, but it feels like we have some pretty strong bullish signs for SNDL in the coming weeks.
NASDAQ:SNDL
by worldlyTacos81375
10
SNDL: Heading to the $ 3.96? Maybe, with 1 condition...Hello traders and investors! Again, SNDL hit the target we mentioned in our last study. Let’s see how it’ll behave now. First, SNDL did a false breakout from the $ 1.64, and it hit our target on the same day of our last analysis, at the $ 1.47, which was a nice target to aim for, for several reasons. The link to my last public analysis is below, as usual. Then, SNDL bounced back up to the $ 1.64 again, and it dropped. This reinforces the idea that the $ 1.64 is the most important point to keep in mind . And it is not by chance that it is the strongest resistance, and you’ll understand why when we analyze the daily chart. But for now, keep in mind that SNDL is doing lower highs/lows, a trait of a short-term bear trend, and it seems it is heading to the $ 1.25. The earnings report did bring some volatility, but nothing as most people expected. Usually, new traders believe that the price will crash when the earnings are supposed to be bad. These people simply don't know how to apply game theory in their strategy. Now, to the daily chart: The $ 1.64 is the strongest resistance because it worked as a previous top in the past, and above it, there are no other meaningful resistance levels until the $ 3.96. This is why the $ 1.64 has such an important psychological meaning for SNDL. In addition, the $ 1.64 now is a neckline, of a possible Inverted Head & Shoulders chart pattern (green area). This reinforces the idea that if SNDL defeats the $ 1.64, we’ll see it at $ 3.96, as this is the technical target for the IH&S. The only thing we need to watch right now is if we’ll see any good candlestick/chart pattern around the $ 1.25 in the 1h chart, as this could trigger a reversal in the daily chart. Every week I do one public analysis on SNDL, and if you want to keep in touch with my insights, remember to follow me ! And if this idea helped you, please, support it! Thank you very much!
NASDAQ:SNDL
by Nathan_The_Finance_Hydra
19
SNDL: Each analysis, we hit a target! Let's see what's next.Hello traders and investors! Ok, so, our analyses on SNDL have been quite precise, as it nailed another target that we talked about in my last analysis. In fact, SNDL did hit all our targets with an astonishing precision. Let’s see if we can understand what’s going on again. And of course, my last analyses on SNDL were public, and you may just check the links below for more details, if you are curious. In the 1h chart we have what seems to be a False Breakout from the resistance at $ 1.64, as the price went above it, but couldn’t keep up and close above the black line. Now the odds are that SNDL will seek one of its supports, and a good candidate is the area between the 21 ema and the $ 1.47 (red line, previous top). Now, the daily chart: The thing is, we have earnings soon, and this surely will bring some volatility and could ruin the short-term reading of the charts. But this doesn’t change the bullish bias seen here, as we have higher highs/lows in the 1h chart, and it is above the 21 ema in the daily chart, and the volume increased yesterday. This means that pullbacks are opportunities to buy. Let’s see how SNDL will behave in the next few days. Remember to follow me to keep updated about SNDL and other stocks I analyze every day. And if this idea helped, please, support it with your like! Thank you very much.
NASDAQ:SNDL
by Nathan_The_Finance_Hydra
24
SNDL run is over but not deadI have made great money from SNDL on this recent run but the trend is going back down. "Sell in May and go away" is real and so are algorithms, take your profit or minimize your loss or you could be holding this several months. To back this up, take a look at SPY and the magnitude it is up over any moving average above 20. I will be watching this fall and following US law changes so you should keep it on your watch list regardless of this inevitable drop coming up. Look to get in early on a longer moving average bounce before November hits.
NASDAQ:SNDLShort
by Jason_Killingsworth
1
SNDL imminent short-squeezeMy previous technical annalysis for SNDL still intact. SNDL is outperforming other pot stocks such as TLRY and APHA with a HUGE volume (300M) equal to about 3x the 10 MA, and about 10x the volume from TLRY and APHA, representing a 30% of SNDL market cap. Volatility is extreme, I anticipate a high chance tomorrow will open gapping in green and final short-squeeze is very close, I aim to TP2 probably happening between Wednesday and Thursday. Make sure to take profits in between and most importantly, set stop loss! EDIT : Volume already 450M+ !
NASDAQ:SNDLLong
by al3jandrus
SNDL (NASDAQ) - Potential to BullishGreetings Humbled, we would like to thanks for your support who has already liked, commented and followed us. Your support, strengthens us, to help in analyzing the market. If you have any questions, do not be hesitant to send us message (inbox). Our Service : Signal recomendation, Trading Course, Portofolio Consultation for multi asset such as Stock, FX, Derivative, Crypto, etc. If u are newbie on the stock market, do not be hesitant to contact me at Private Message. Our Job is to make u Prof trader and proftable trader. Strategy - Please care for Money Management - Have a good psychology - Do not be hurry to open position - Evaluate and upgrade your trading plan SNDL (NASDAQ) - Potential to Bullish
NASDAQ:SNDLLong
by MultiAssetX
SNDL: Target hit! What's next?Hello traders and investors! Ok, SNDL did exactly what was supposed to do since my last analysis, which is great. Let’s see the scenarios we can work with from now. First, in the 1h chart, SNDL lost the support level at $ 1.32, which was an important key point for the short-term, and it sought its lower support, at $ 0.95, as we discussed in our previous analysis. If you missed my last analysis, which was public, the link to it is below, as usual. But SNDL didn’t only hit the $ 0.95, but it did an amazing bullish candlestick pattern in this support area, called Tweezers Bottom . This was a clear buy sign, and what’s more, it is now doing higher highs/ higher lows in the 1h chart, and it did a bullish pivot when it defeated the $ 1.22. The price is above the 21 ema (which is pointing up), and everything tells me we are in a short-term bull trend . Pullbacks to the 21 ema are expected, and shouldn't be enough to make you panic. Let’s see the daily chart for more clues: The Tweezers Bottom in the 1h chart made this Hammer candlestick pattern in the daily chart, just above the $ 0.95, reinforcing our idea that this was a very important Key Point. Also, it was not by chance that I saw the $ 0.95 as a support level. As we discussed in my last analysis, this point was previously a resistance on Dec 2020, and according to the Principle of Polarity, it was supposed to work as a support next. The market has memory, and it always remembers its key points. Now, the next target is the $ 1.64, but as long as we don’t see a very powerful candlestick pattern, with a good volume , the movements on SNDL are going to be slow and boring. And if you liked this analysis, remember to follow me to keep in touch with my daily studies, and support this idea with your like if it helped! The link to my previous analysis is below. Thank you very much!
NASDAQ:SNDL
by Nathan_The_Finance_Hydra
8
SNDL: SUNDIAL waits for an attention!While whole attention is on Nasdaq and Bond Yields, SNDL lost its momentum and actually got close to 0. While Volume stays at above 100 million, lack of momentum and low volatility (ATR) keeps SNDL form rising. If SNDL has some fuel left to rise, in our opinion it will happen parallel with NASDAQ's rise. Nasdaq and whole market needs to get back to normal for people to get their attention back to SNDL. This is our personal opinion and please don't hesitate to share your ideas with us!
NASDAQ:SNDL
by caldooninvestment
27
Still awaiting reentry for Sundial SNDLIt's sort of at a tipping point and I don't think it has the strength to tip upward. I will probably make a partial reentry anywhere in the circle, then wait for more information. I have it going as low as $.94 but I won't wait that long for my first reentry. If it gets to 94 cents I'll go hard. With legalization on the table, it may not dip so low, but remember that any time a stock makes a really big run, there are a lot of shares out there in the green. Most people like to take profits at some point or another. It's only March, this stock has a long year ahead of it and a lot of time to reach $7 or higher. For now that's my expectation but I'm not rushing back in yet. Oh yeah.. IF it rides above the rising trend line I will have to watch it like a hawk in case it decides to go on a run. I'm not confident in that, but I acknowledge the possibility. I still don't think we are in emergency mode yet. I think we still have this week and maybe next before we start missing out on runs. Later this week we might see some early surges so I think we just need to "stay calm and due diligence" (trademark).
NASDAQ:SNDL
by RickSmash
9
72% slippage in 7 days, what next?SNDL slipped 72% in 7 trading days! usually we see another try after such rapid moves! Let’s see if it’s happening or not! Potential gain:30% Reward/Risk:2.5 Timeframe: 1-2 wks I always try to present the charts in a simple comprehensive format to prevent any confusion. This is just my technical view, neither a fundamental comment,nor a recommendation to trade..! Please review my track record and calculate the odds for yourself..! You’re likes and comments encourage me to continue this. Stay tuned great live stream and quality content videos coming soon..!
NASDAQ:SNDLLong
by Moshkelgosha
3
SNDL: Key Points we all must keep in mind!Hello traders and investors! Let’s talk about SNDL today! In the hourly chart we have a clear congestion , as SNDL moves sideways, the 21 ema is flat, and with no clear trend. We have a resistance at $ 1.64 and a purple trendline, and both may work as resistances in the future, if SNDL tries to engage in a bull trend. The support level at $ 1.32 seems to be quite strong , as it was retested multiple times last week. Only if SNDL loses this support level we would see a sharper pullback. Now, the daily chart will offer us more clues: The thing is, SNDL dropped a lot since its all-time high, and the volume decreased as well. We must see the volume increasing again in order to fly again. What’s more, we need a strong bullish candlestick pattern to reverse the trend for good. Meanwhile, if it loses the support level mentioned before, the green line at $ 0.95 is the next target to work with . It was a previous resistance level, and it is supposed to work as a support next, according to the Principle of Polarity of technical analysis. But let’s bear in mind that SNDL spends most of its time moving sideways, and we can’t be surprised if it keeps doing nothing meaningful for several weeks from now, just like it did in the past. But since it is in a bull trend, we can assume it’ll explode upwards at some point, we just don’t know when. Either way, with a good risk management everything is possible. And remember to follow me if you like this analysis! And support this idea if you liked it! Thank you very much!
NASDAQ:SNDL
by Nathan_The_Finance_Hydra
7