Looks like we might have a bounce followed by consolidation.
So this week was crazy SNDL stock was restricted on robinhood to max buy of 1200 shares then down to 5 shares. Currently you can sell as much as you want but to get in you are limited to 5 shares. I am holding because once that restriction is off I think this stock is going all out. (please do your own research also :) )
Potential entry at resistance line blue (make sure to do your own analysis) :)
Looks like it might bounce at 14-15. Lets see how it goes. I will be increasing my share amount. I hate that I don't follow my own advise at times but having charted this a while back ago I should of waited now I am down a couple hundreds but its a learning experience for me. (please do your own research) Good luck ! :)
EITHER WAY YOU BUY IT SEEMS LIKE A SAFE BET, BUT DO YOUR OWN REASEARCH
SEEMS OVERBOUGHT SO MIGHT BE A SELL OFF SOON, POTENTIAL BUY IF IT DOES SELL OFF AT SUPPORT LEVELS
Long term if it can brake above 3.6, we should see an uptrend
So making this chart based on moving average and it seems like it can brake the top line we should be able to move back to the 30 mark. Any feedback would be helpful :). (Not an expert jfyi, do your own research)
Looks like it might hit a bit lower than bounce back to the resistance line or pass it
Potential entries. (make sure to do your own research)
Stock might might go down again hit resistance than shoot up again to target price but if any other good news comes out about legalization stock might shoot up like TLRY did.
What do yall think? I mean can you go wrong when its 7% div/year
Just getting into this trying to figure out if my idea process works