$SNDL Target 2.79 for 56.74% $SNDL Target 2.79 for 56.74%
Or next add level is at .77
My SNDL target is very aggressive, but I have no doubt it will hit... I'm very patient. I have a bunch about to sell so If I need to I will double my position at .77 and update target as necessary
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
SNDL trade ideas
SNDL TREND LINES AND THOUGHTSRed Line is down trend for the past days/weeks let’s call it short term. Green line is up trend for the past months so this will be long term. And purple line showing strong support. SNDL has to stay above the green line for share holders to stay bullish about this stock. And if it brakes out of down trend line in red... it could be a massive run up 🚀
Sundial Growers Inc (NASDAQ: $SNDL) Ready To Boom Spring 2021 🌼Sundial Growers, Inc. engages in the production and distribution of flower, pre-rolls and vapes. The firm offers licensed producer, ACMPR, cannabis, medical cannabis, health and wellness, and cannabis extracts. The company was founded by Stanley J. Swiatek and is headquartered in Calgary, Canada. The listed name for SNDL is Sundial Growers Inc. Common Shares.
SNDL BUY/LONG OPPORTUNITY NOW READY! Technical Analysis
1. Large Head & Shoulders
2. Fibonacci Retracement at 0.618 (Golden Zone)
3. Pennant/Falling Wedge
4. 1st Take Profit will hit the key Impulse of the massive sell (Some resting sell orders will be there hence pushing the price down which would
create a breakout and retest of Head & Shoulders formation) - Note that the 1st Take Profit Level is also at Fibonacci Expansion Level 1 (Grey Zone)
which is good for safe take profit
1st Take Profit: 3.0000
Re-Entry: 1.9000
2nd Take Profit: 4.1000
SNDL: The most important Key-Point for the short/mid-term!Hello traders and investors! Let’s see how SNDL is doing today! Since our last analysis, it didn’t move much, but on the bright side we still have some good stuff going on here. Let’s talk about it.
First, it seems the support level around the $ 0.95 is working as a nice support level, indeed, as we already expected weeks ago. It did a good sign on April 8, when it did this nice Harami candlestick pattern, but SNDL is quite weak, and now it is back to the support level.
But again, it is a support level, so, there’s not much to do, but wait for a reaction. In the daily chart the support at $ 0.95 is clearly the most important key point to keep in mind for now:
If we see any reaction around here, SNDL could easily retest the $ 1.64, at least. The $ 1.64 was a previous resistance , and now it is a target for us, but only if SNDL does anything good around.
What would take for it to react? First, the volume – it must increase in order to form a nice bullish structure. Second, we must see a bullish pattern in the daily chart that confirms the possibility of a reversal.
Reversals are risky plays, but since the R/R ratio is quite good, it is worth to trade it. Let’s follow SNDL closely, and if you liked this analysis, remember to follow me to keep in touch with my daily studies, and please, support this idea!
Thank you very much!
Looking like a run is inbound.No news of any marijuana legislation has been a good thing for stocks in the field as they have stagnated in value as of late. I will be increasing my positions here awaiting some executive action possibly for legalization. News will come soon. I like how cheap Sundial is as well. They may not be a power play like some of the other marijuana stocks, but they have way more room to go upwards than most others. They also carry a major chance to be acquired by another company as well.
Keep your eyes peeled.
Is now the time for SNDL.?Looking at the daily chart SNDL has been beaten down over the past few weeks. We saw this go down below a dollar, but i did not panicked and instead kept holding in the hopes of a move up. A few states are in the process of legalizing cannabis which will be good new for the cannabis sector. Watch for the MACD to turn green, and the RSI is heading up.
Wave 2 Bottom fishing in SNDL for the next bull runThis is my Idea for SNDL based on Elliott Wave Counts and Fibo Extension.
A-B-C Correction and Wave (2) should end between the 61,8 and 88 Fibo, which should result in a new bull run.
Please let me know what you think about it.
Best Regard from Germany
Gold-Esel
Do you want me to analyze an other Stock on the long run, just let me know which one :-)
SNDL: Tired of seeing it dropping? We might have some good news!Hello traders and investors! Yes, SNDL is heading to our target at $ 0.95 again , which is good. In our last study, SNDL was doing some nice patterns, but unfortunately, none of them were triggered.
Now that we are close to our target at $ 0.95, we might see something interesting again. And if you missed my previous public analysis on SNDL, the link to it is below as usual.
In the daily chart, is clear the importance of the $ 0.95 , as it was a relevant resistance in the past, and it has been working as a support level now.
Since SNDL is inside a congestion , between the $ 1.64 and the $ 0.95, all I know is that when we get close to the bottom area, we should buy, and when it gets near the top level, it is time to sell.
Of course, it is not that easy, because we must wait for the right patterns to appear . For instance, the last buy opportunity on SNDL was during that Hammer pattern, which we also discussed here in my public analysis.
Now, if SNDL does anything similar, it’ll be a great buy sign. The volume is very low, indicating that it is dropping not because we have a sell-off, but because the market is weak.
What’s more, the weekly chart is looking curious:
For the first time in a very long time, SNDL is trading above the 21 ema , and what’s better, it found a support at it now.
If SNDL is about to react, now is the best moment. And if you want to keep in touch with my daily updates, remember to follow me , and please, support this idea if you liked it!
Thank you very much!
Possible yum yum style breakout for $SNDL! The chart is looking great on the 5.5 hour (333 minute) chart. Could this be a yum yum style breakout, or will it be a flop?
I have a bunch of call options with a strike price of $1.50 that expire today. Could we see a bull run within the day that brings us to $1.50, or will it be over the next few days/weeks? Either way, this seems like a tipping point to me!
We also have the new news that New York State legalized recreational cannabis for adults! Not sure how that will affect this stock!
Happy trading!
Not investment advice