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Sundial Growers SNDL legal marijuana will become parabolic ?Sundial Growers is a Canadian company based in Calgary, manufactures and distributes cannabis products to the medical and recreational market. Many American states are slowly opening up to the use of recreational legal cannabis and the interest of investors is growing more and more. Clearly as it always happens, there comes a time when many people realize the potential growth and start to buy, and the price literally flies, it seems we are in that stage but still in time to take a nice profit and not stay with the match in hand. This is when it seems analyzing the waves generated by Miracle Viewer an indicator that studies prices and volumes and extracts the market positions of the various players, in fact long-term investors have taken the title and are buying in large quantities. The advisor Market Miracle has generated a LONG input signal on $SNDL at the price of 1.3 USD with a target of 2.12, the potential profit is 63%. Analyzing the chart I imagine a price action like the one I designed, so fully entitled $SNDL could become parabolic for a while. This idea is based on a signal generated by the advisor Marketmiracle, down on this page you will find the link to the page of signals of the advisor that you can see for free without any cost or registration
NASDAQ:SNDLLong
by MarketMiracleAdvisor
4
New Channel, Support & Resistance using Fib RetracementYou can never go wrong with using Fibonacci falling in line with human psychology and the universe itself. Major support zones hit on the fib lines, with obvious resistance levels that are ready to break. Initial flag pattern had broken down, potential flag pattern support highlighted with lower purple line. Pinch is inevitable. Q4 earning should be released early March. Expecting the recognition of their $2.8mil contract, in addition to their typical $1.5mil recognized from smaller contracts. Surge in volume on positive earnings and continuation of the favorable cannabis landscape (feds and states), can push this to retest their recent high around .21. If SRNA breaks that on good volume, then it is blue skies.
SLong
by avlnco
Cannabis will reach the US... sooner than later!Recent significant events: House Passes Bill to Protect Banking for Marijuana Businesses Measure would prevent federal regulators from penalizing institutions that serve companies operating in states where cannabis is legal. // September 25th, 2019 House committee approves landmark bill legalizing marijuana at the federal level The House Judiciary Committee (Democratic-controlled) approved a bill that decriminalizes marijuana on the federal level, removing it from Schedule 1 of the Controlled Substances Act. The legislation, which passed 24 to 10, has a high chance of approval in the full House where Democrats control the chamber with 234 seats. It’s likely to face a tougher battle in the Republican-controlled Senate, where Majority Leader Mitch McConnell opposes marijuana legalization. // November 19th, 2019 There is no date for the senate to review the bill; we could see large volatility then. (will update asap) Technical analysis: Volume on the ladder of the events created the 3rd largest volume daily since MJ ETF was created (2016). 20SMA is our nearest resistance. --Keeping cannabis related stocks/ETFs closely watched.
AMEX:MJLong
by dorfmanmaster