Sundialgrowers
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!
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).
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!
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 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.
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
SNDL and NOK could be squeezed but be careful The GameStop isn’t the only company where greedy short-sellers got punished by WallStreetBets redditors.
Sundial Growers Inc. (SNDL) and Nokia Corporation (NOK) are two other companies where traders with short positions got overexposed.
Currently, their short interest (i.e. shorts / all shares) are 29% for SNDL and 14% for NOK. That’s not some crazy levels that should make short sellers desperate. Yet they could be squeezed some more if there is some coordinated action against them.
To check what market participants think on average, we’ve posted the following questions to Cindicator’s Hybrid Intelligence:
“The shares of Sundial Growers Inc. (SNDL) settled at 1.21 USD at 04:00 PM UTC on Monday, February 1. Will SNDL trade above 2.42 USD (+100%) earlier than trading below 0.61 USD (-50%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)”
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Assurance: 85%
“The shares of Nokia Corporation (NOK) settled at 4.89 USD at 04:00 PM UTC on Monday, February 1. Will NOK trade above 9.78 USD (+100%) earlier than trading below 2.93 USD (-40%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)”
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Assurance: 86%
This suggests that on average Hybrid Intelligence believes that the shares will be pushed higher.
Yet this could also be a sign of excessive euphoria right before the party is over.
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)
If you are interested to test some amazing BUY and SELL INDICATORS, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
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.