SNDL confirmed bottom with Classic Bullish Divergence
Updated
SNDL finally putting in a higher low. We got that Classic Bullish divergence and now it appears SNDL has backtested weekly support as support yet again at $0.46. The chart is saying we're going to get some sort of rally. Keeping the stop loss below that previous low around $0.40 makes sense when SNDL can easily go on a 50-200% streak in the next month or two...or it could fail. Keep emotions in check on these weed stocks.
Entry: $0.50
1st Target: $0.92
2nd Target: $1.10
3rd Target: Moon
Edit: Ignore the white line on the RSI, that doesn't have anything to do with my trade setup. The MACD is the classic bullish divergence.
Entry: $0.50
1st Target: $0.92
2nd Target: $1.10
3rd Target: Moon
Edit: Ignore the white line on the RSI, that doesn't have anything to do with my trade setup. The MACD is the classic bullish divergence.
Comment
SNDL is looking strong. I sold 33% of my stack. 50% gain in a few days is a solid enough move to secure some profits for me here.Comment
Sold another 33% at $0.89 pre-market. I'll let the rest ride.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.