Sundial
SNDL Updated ChannelThat's a nice wide open channel we've got.
A lot more room to breath, and gives me higher hopes for some good swing trade action.
2,811 shares @ $0.9231 Avg
Holding until it fails to break top line 3 times.
If it does break through, I'll update again and my count restarts.
sundial Growers Technical AnalysisWisest Option is to hold.
Wait the end of this price retracement before buying
NASDAQ:SNDL
More SNDLBoy am I glad I held.
This bad boy looks like it turned two resistances into supports.
Top line from early first peak in this bull cycle, bottom from first peak in Aug when we turned bullish.
I'm holding until third touch of an ath line it doesn't break.
Floor is now higher than my initial sell point, so no lose scenario.
Just getting started.
SNDL $10 Target ?Ridiculous embedded weekly STORSI driving SNDL higher into Earnings in March. I'm speachless.
No I'm not. Sell puts to be paid to take the shares cheaper? Buy calls? Buy shares? What's your horizon? What's your price taking target? How much you want back? Is it in dollars or percentage? Are you a bear? I can see that, fundamentally a mystery to me, lots of bad press. I haven't put in my info to explore their sight. Could be just another meme stonk. So far even the leap options offer nothing higher than a 4 strike. IVR is 60, so it's up there. But those Memes got in the hundos 100+% ivr's. A billion posted as outstanding. Still half a million volumes on finviz. Lagging info but whatevs. Buy low sell high, buy in higher?
Legal Marijuana is just beginning. Sundial has some momentum now. 3 dollars might be the pump and dump's target just to 300%. Who knows.
SundialIt hit my price target... I think it’s going to $13...it has zero walls up. Check out my analysis that I linked
Thanks,
Benjamin
SNDL Lots of BullI know I basically just posted my position shorting this one at 1.9, but after reading around I'm the only bear around. I love this company so nevermind, look at all those bull signs.
I'm setting a stop loss at 1.85 when it hits 1.9. Hopefully it doesn't touch, and blows out into open waters. If it nestles above the resistance tomorrow I'm buying regardless if my stop loss went off or not.
My biggest concern is that MACD is already up there, but I think it might consolidate above $2.
SNDLChart speaks for itself.
Good swing trade, positive mid channel.
Gut feeling says that top resistance gets busted this time.
SNDL - LONG (update)(update 1/7/20) - SNDL successfully climbed above our cyan resistance line and is now using it as support. SNDL tested the line as support once and did not break back under it. This gives us confidence that the uptrend momentum can now resume. We are now bullish!
Many possibilities exist in the world of technical analysis and ours could play out totally wrong, but we believe the odds are in our favor. If in the case SNDL goes down next week, the cyan line is of course our first major support. A break under that could trigger a sell to roughly $0.85. So keep em tight and ride the ride!
- HH
sundial growers technical Analysis Canadian Licensed Cannabis Producer
Hold For now: Wait the end of the price set back before going long
NASDAQ:SNDL
Ascending TriangleShorter term Ascending triangle formed, with the huge movement of marijuana stocks, looks like the momentum will carry it to another new high?
As always would love to hear everyones thoughts and input! Goodluck everyone
sundial growers stock analysis Hold for now - go long only if the trendline first and then the support level of 15 usd will not be broken
NASDAQ:SNDL
SNDL SUNDIAL GROWERS INC huge upside potentialHere is when i told you that is a buying opportunity on Sundial after the retracement:
Sundial Growers engages in the production and distribution of flower, pre-rolls and vapes. It operates through the following segments: Cannabis, Ornamental Flowers, and Corporate.
Zenabis Global Inc. said Friday it has entered a revolving credit agreement with a Canadian private debt fund for up to C$60 million ($47 million) that it will use to refinance more expensive debt held by Sundial Growers Inc. (marketwatch.com)
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SNDL - Sundial GrowersSure its a dog barely staying alive but a few good news and retail mafia will run it up.
Moon is very close. Once we land on the moon, we will recharge and go to Mars
SNDL - Two Short Term Trends (Red and Light Blue) This could hit 2.19 or 0.11 by Feb, depending on the two trends.
Good luck everybody!
sundial growers stock Analysis The Idea is to go long -following the bullish trend
Driven by rising consumer demands for solventless cannabis extracts, Sundial Growers
(SNDL) launched high-quality cannabis derivative products under the Top Leaf brand.
The launch is consistent with Sundial's focus on premium inhalables, following branded retail
offerings of flower, pre-roll and vape cartridges.
Sundial plans on providing additional offerings in 1Q21, including Top Leaf's Oregon Golden
Goat bubble hash and Grasslands' Sativa & Indica hash.
NASDAQ:SNDL
SNDL looking pretty Sunny - Sundial GrowersSUNDIAL looking to the 1H YELLOW/RED EMA CROSS!
EMA indicates we have a local top coming in FEB/March under 90 cents probably. This may also be the end of a head and shoulders paten, in which, we rocket down. Pull some gains here. Be a prepared for a jump up or down.
$SNDL...high chance of a jackpotSundial growers has been getting a lot of volume these past two months, even having a day where it achieved 2billion volume. I believe this will result in a bull run for sundial. After breaking out twice, and finding support after each break out. Sundial has extremely high potential to repeat this pattern and beat the previous break out high of $.98 cents. There’s a ton of catalysts for this company that ALL point towards positive price movement. let’s start off with the fact that sundial has cleared all debt, this is great looks, having no debt is a big deal. Almost zero cannabis companies have no debt. This speaks for itself. Sundial has a very low market cap compared to other cannabis companies. Tilray, Auroa, and Cronos group have market caps of 1billion +. I believe that sundial has room to grow its market cap, to around 1billion. If you research sundial’s website they offer a wide array of great cannabis products, which they are constantly improving. Sundial is trying to make stronger thc potentcy in bud which is a great sign of strong future growth and progress. With Biden being elected, the house looking at the PACE bill, the culture right now with marijuana, and a stimulus check around the corner..marijuana industry as a whole is just a ticking time bomb. I think sundial has the best profit potential. Price target 2.5 long
Sundial, potential jackpot #BullishAFSundial growers has been getting a lot of volume these past two months, even having a day where it achieved 2billion volume . This resulted in a golden cross, which will result in a bull run for sundial. After breaking out twice, and finding support after each break out. Sundial has extremely high potential to repeat this pattern and beat the previous break out high of $.98 cents. There are a ton of catalysts for this company that ALL point towards positive price movement. let’s start off with the fact that sundial has cleared all debt. Sundial is the ONLY cannabis company to have no debt. Sundial has a very low market cap compared to other cannabis companies. Tilray , Auroa, and Cronos group have market caps of 1billion +. I believe that sundial has room to grow its market cap, atleast to around 1billion. If you research sundial’s website they offer a wide array of great cannabis products, which they are constantly improving. Sundial is trying to make stronger thc potentcy in bud which is a great sign of strong future growth and progress. With Biden being elected, the house looking at the PACE bill, the culture right now with marijuana, and a stimulus check around the corner..marijuana industry as a whole is a ticking time bomb. I think sundial has the best profit potential. Price target 2.5 long, 1.38 swing.
SNDL / Sundial Growers / Technical/fundamental analysis 30/11/20Long @ 0.399 / 2k shares
Fundamental aspect of trade
CALGARY, AB, Nov. 30, 2020 /PRNewswire/ - Sundial Growers Inc. (NASDAQ: SNDL) ("Sundial" or the "Company") provides an update on the elimination of its senior secured second lien convertible notes and further improvements to its balance sheet.
Yesterday the company announced update of eliminating its debt and the chart has reacted positively. Its debt has been reduced significantly over past year.
Company has decent amount of cash (60M CAD) and has succesfully pursued transition from wholesale into branded sales. Long term outlook for profitability after recent ER is bullish for me. Focus on shareholder value and improving price.
Techical aspect of the trade
The price has been climbing premarket and then dropped into .48 - .49 before market opening. We saw a bear trap formed and then a big ascend to .70 - .85, then consolidating on .70. Price in German stock market traded on early Tuesday morning, 1.12.2020 indicates .79 to .85 price range after converted to USD. The price reacts to upcoming legalization bill vote in US House of Representatives, then by Senate. Other cannabis stocks are showing similiar moves. Chart is witnessing extreme volume - over 2 billion shares were traded intraday on 30th of November. Liquidity on pennystocks is the main driver for my trades. Fintel shows some very interesting names among institutional holders.
SNDL Sundial Fibonacci retracement completedAfter the Tech bubble and the EV bubble now it`s the time for the Cannabis market to shine! :)
Sundial Growers engages in the production and distribution of flower, pre-rolls and vapes. It operates through the following segments: Cannabis, Ornamental Flowers, and Corporate.
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