SNDL. Squoze once. Maybe again.
I am looking for pot stocks that have a higher than average chance of producing multiplied returns.
SNDL has been as high as $8-9 and currently trading in the $1.25 range.
It also got squoze in the short squeeze craze that appears as if it may still be around, peaking briefly near $4.
Only 6 hours ago an article was published in the motley fool saying that this particular stock was to be avoided "like the plague". I hate that phrasing, but the picture they painted about returns and whatnot weren't promising.
However, as I am primarily a price action trader, this seems like pretty good price action to me. A gap up is a gap up, and this chart is showing plenty of them lately.
At the end of the day, it's easy to sit at your throne of power (laptop), and make an emotionally striking article about how a stock is garbage. The world could use less of those associations, in my opinion, and I would prefer if people would do less of it.
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I won't be buying any SNDL because this squeeze stuff is just plain out of my wheelhouse, but as a trader looking for money opportunities you can't help but have some curiosity.
SNDL has been as high as $8-9 and currently trading in the $1.25 range.
It also got squoze in the short squeeze craze that appears as if it may still be around, peaking briefly near $4.
Only 6 hours ago an article was published in the motley fool saying that this particular stock was to be avoided "like the plague". I hate that phrasing, but the picture they painted about returns and whatnot weren't promising.
However, as I am primarily a price action trader, this seems like pretty good price action to me. A gap up is a gap up, and this chart is showing plenty of them lately.
At the end of the day, it's easy to sit at your throne of power (laptop), and make an emotionally striking article about how a stock is garbage. The world could use less of those associations, in my opinion, and I would prefer if people would do less of it.
----
I won't be buying any SNDL because this squeeze stuff is just plain out of my wheelhouse, but as a trader looking for money opportunities you can't help but have some curiosity.
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