SNDL
SNDL easy money and it grew on a tree..kindaPin bar strategy off the MA starting with a nice bar off the Bollanger band on the 15min chart. When you see these don't hesitate to enter for intraday trade! High probable trade here! Zoom out a bit and the daily doesnt look as good. As always use proper risk management and trade smart!
Please hit that like/follow button!
Add to TLRY position- divergenceNice opportunity to further add to our TLRY position with this MACDH divergence on the 1 hr chart.
We can keep a fairly wide stop on this one and hold for the short to medium term up to 60's or longer up 50% to all time highs around 150.
This has been a lovely pullback on this great cannabis stock and we still have merger talk doing the rounds.
SNDL - Follow the moneyAfter an impressive run up on high volume, SNDL is cooling off and returning back to a more reasonable buying zone.
Technical reasons for the trade:
→ Price has exploded on high volume. This means more eyes are on this stock, with people who missed the first move wanting in on the action
→ Very little volume traded overhead. When this breaks the old highs, it will fly.
→ Price retracing back into the RLZ
→ As per finviz stats, SNDL still has a short float of nearly 17% (!!)
Good luck!
Hit the LIKE button if you find my analysis valuable and want to support me. Follow to make sure you don't miss any future trade ideas.
SNDL - Patience Will Pay Off If we Stay Over the 50 EMAThe 50-day-EMA is acting as much-needed support.
50-EMA is giving SNDL enough time to catch up to the Ichimoku cloud for a potential blast off into the rocket ship territories.
With the recent price gap in the chart now fully filled we can look ahead towards meeting the Ichimoku cloud at some point during Friday's trading day.
The short term price target is at $3 as long as we stay above the 50-EMA
BULLISH
*THIS IDEA IS VALID AS LONG AS WE ARE ABOVE THE 50-EMA*
Sundial Growers INCI heard about $SNDL from traders on Twitter.
Sundial Growers, Inc. engages in the production and distribution of flower, pre-rolls and vapes. It operates through the following segments: Cannabis, Ornamental Flowers, and Corporate.
Price action is showing us it's intentions so we basically need to be patient in order for it to play out to time a good location to execute some orders. I would actually like to see it head back down around the $2.00 area in the event this weekly candle close in strong bullish fashion.
I'll update as it progresses over time. NOT TRADING ADVICE!
SNDL Files $1B Shelf ProspectusThis indicates that they think the rally is over, and quickly raised more cash at investors' expense. When this is used up, their float will roughly be 1.9 billion shares.
Question is, what are they intending to do with the money. $800M cash, $1B shelf prospectus. At this point still a company with little value.
LONG KERN UNDERVALUED IN POT SECTORPot stock providing the software solutions for cannabis companies to expand. They have strong revenue growth and will be the leading pot stock in the next run. LONG.