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Sundial Growers Inc.

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$SNDL: A MASSIVE 1600% OPPORTUNITY FOR THIS CANNIBIS MICROCAP!NASDAQ:SNDL A MASSIVE 1600% OPPORTUNITY FOR THIS CANNIBIS MICROCAP STOCK! 🌿🤯 Are cannabis stocks back?! 3 Reasons Why in this Video: 📹 1⃣ My "High Five Trade Setup" strategy 2⃣ Catalyst: Decriminalization of MJ in Germany back in April and acquisition of NOVA. 3⃣ Symmetrical Triangle Breakout Video analysis 2/5 dropping today. Stay tuned!🔔 Like ♥️ Follow 🤳 Share 🔂 Are cannabis stocks back?! Let me know in the comments below. Not financial advice. OTC:CRLBF OTC:TCNNF NASDAQ:TLRY TSX:ACB OTC:CURLF OTC:GTBIF AMEX:IWM NASDAQ:QQQ #TradingSignals #TradingTips #options #optiontrading #StockMarket #stocks #CannabisLegalisierung
NASDAQ:SNDLLong
by RonnieV29
7
Get Ready for Liftoff: SNDL Poised to Blast Off 800%On the above 12 day chart price action has corrected over 90% (when accounting for the share split in July 2022). A number of reasons now exist to be bullish, however sellers are not interested in such things. Buy high sell low, that’s how they like to roll. Why bullish? 1) Price action and RSI resistance breakouts. 2) Trend reversal, the first higher high in over 3 years. 3) Past resistance confirms support. Excellent. This is further supported with the large 12 day bullish engulfing candle that printed in March. 4) The target area is the 2nd impulsive wave as measured from the 1st impulsive wave that printed in 2020. Is it possible price action continues to correct further? Sure. Is it probable? No. Ww Type: trade Risk: you decide, small cap. Manage risk. Timeframe for long: This month. Stop loss: Will say elsewhere Return: 800%
NASDAQ:SNDLLong
by without_worries
10
SNDL a MJ penny stock in reversal from trend down LONGSNDL is shown on a weekly chart with a volume profile and VWAP band lines anchored back three years. Perhaps due to recent news of potential federal legalization or other catalysts SNDL is now above its pivot low. The EMA cloud ( periods 7, 21 and 42) is now green as lines converged into a zero slope and are now rising. Price is now approaching the first lower band line and will thus enter the fair value zone above the undervalued zone. A reasonable target is 7.0 where the POC line of the volume profile is confluent with the black mean VWAP line. The is more than 100% upside and will not occur quickly. Price may get spikes with marijuana-related news along the way. A sign the trade is going bad is if both the faster green RSI line and the slower black RSI line both go below the 50 level. The stop loss will be at 1.86 below the EMA cloud. Accordingly. the risk is $0.50 per risk. If only $100 is to be risked the trade can be 200 shares. Risk is off when price rises to $2.85 and the stop-loss is adjusted to the entry price. Beyond $3.00, the stop loss can be adjusted to a trailing 10-15% or the ATR. I see the last weekly candle as a Doji and so consolidation and price consensus making for a best entry.
NASDAQ:SNDLLong
by AwesomeAvani
Dialling in to Sundial Growers (SNDL)In the past three years, Sundial Growers Inc.'s stock price has experienced a decline. While this may deter some investors, it presents an opportunity for those with a long-term investment horizon and a high risk tolerance. Sundial Growers Inc. currently has a cash ratio of 1.81, indicating its ability to cover short-term obligations exclusively with cash and cash equivalents. This liquidity measure is a positive sign for the company's financial health. Furthermore, Sundial Growers Inc.'s price-to-earnings (P/E) ratio is currently -3.65. This low ratio suggests that the stock may be undervalued and presents an opportunity for investors to buy at a lower price. Market analysts estimate Sundial Growers Inc.'s fair value to be 0.36 at the moment. This indicates that the stock may have significant upside potential. Considering these factors, the trading idea is to buy Sundial Growers Inc. stock. The long-term moderate risk strategy focuses on companies with a low P/E ratio, low price-to-operating cash flows ratio, low price fair value, and a high cash ratio. With its current cash ratio, low P/E ratio, and potential for growth, Sundial Growers Inc. presents an attractive investment opportunity for those willing to take a long-term view and tolerate higher risk. Technical Outlook Sundial Growers (SNDL) bulls are eyeing a key resistance level at $1.60 as the next milestone if they can maintain their dominance. The stock is quickly approaching this level, with only 7 cents to go. A breakthrough could lead to further gains in the short run. In the latest session, Sundial Growers continued its 5-day uptrend by gaining 6.25%. Yesterday, the stock spiked higher to highs around 1.53 before market bears pushed the price back down towards 1.45. By the end of the session, it settled at $1.53. Sundial Growers has been trending downward for the last month. It currently has a market cap of $398.56 million. Yesterday's trading volume of 1.87 million shares was 84% lower than average. Key insights: Sundial Growers is just 7 cents away from a key resistance level at $1.60. Pushing above this level could enable the stock to gain more ground in the short-term. Sundial Growers made an initial breakout above its 21-day Simple Moving Average at $1.52, indicating potential for a new bullish phase. The stock is currently rated as "Neutral" by technical analysts.
NASDAQ:SNDLLong
by NomolosAI
UPDATE: $SNDL MOONSHOOTUpdate to the last NASDAQ:SNDL idea, I hope a lot of you bought in around $1.40 range. But fear not, still plenty of opportunity to jump into cannabis sector while it's at historic lows. Recent announcement via HHS of recommending lowering schedule of cannabis obviously helped, if the DEA follows suit expect another leap forward. Calls to late 2024 and early 2025 looking really, really attractive. MACD turning green for the first time in a hot minute is a great indicator of a trend reversal. Good luck traders! T1: 7-10$ T2:30$+
NASDAQ:SNDLLong
by Teammongoose2