$SNDL: A MASSIVE 1600% OPPORTUNITY FOR THIS CANNIBIS MICROCAP!NASDAQ:SNDL A MASSIVE 1600% OPPORTUNITY FOR THIS CANNIBIS MICROCAP STOCK! 🌿🤯
Are cannabis stocks back?!
3 Reasons Why in this Video: 📹
1⃣ My "High Five Trade Setup" strategy
2⃣ Catalyst: Decriminalization of MJ in Germany back in April and acquisition of NOVA.
3⃣ Symmetrical Triangle Breakout
Video analysis 2/5 dropping today. Stay tuned!🔔
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Are cannabis stocks back?! Let me know in the comments below.
Not financial advice.
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Sndlbuy
SNDL Sundial Price TargetAfter receiving an extension of 180 calendar days to regain compliance with Nasdaq's minimum $1 bid price requirement, SNDL needs to close at or above US$1.00 per share for a minimum of 10 consecutive trading days before August 8, 2022, which most likely should happen sooner.
We are still waiting for the Alcanna deal to be announced.
That should be an important catalyst to drive the price higher, to the next resistance, of $1.25.
SNDL 180-Day Extension by Nasdaq to Regain ComplianceSNDL Sundial received an extension of 180 calendar days to regain compliance with Nasdaq's minimum $1 bid price requirement.
SNDL needs to close at or above US$1.00 per share for a minimum of 10 consecutive trading days before August 8, 2022, which most likely should happen sooner.
Let`s just remember how SNDL stock was trading at $3.96 one year ago around the same date.
But the company made progresses and the Alcanna buyout should take Sundial Growers Stock back to $1.
The investors were scared because of a possible dilution or delisting from Nasdaq for non-compliance.
Now it should also regain trust from investors and see it touching the $1.30 resistance soon.
SNDL at Dec 2020 support | Ready for an important bounce ?SNDL Sundial stock is oversold at the December 2020 support price level.
looking at the chart, the upside is $1.4 by the end of Q2.
Sundial has a pending purchase of Canadian liquor retailer Alcanna .
Alcanna owns a majority stake in Nova Cannabis, a cannabis retail chain.
I think Sundial positions itself as one of the major cannabis players of 2022.
Looking forward to read your opinion about it.
SNDL to purchase liquor retailer AlcannaBesides an estimated $540 million in sales in 2022, up from an estimated $50.5 million this year, Sundial has a pending purchase of Canadian liquor retailer Alcanna.
Alcanna owns a majority stake in Nova Cannabis, a cannabis retail chain.
I think Sundial positions itself as one of the major cannabis players of 2022.
My Q1 price target is $1.7
SNDL Repurchase Program Sundial announced last week a share repurchase program!
Program will commence on November 19, 2021 and expire on November 19, 2022.
Sundial Growers can purchase a maximum of 102.8 million shares, representing approximately 5% of the company's issued and outstanding shares.
Last month, Sundial announced the purchase of retail company Alcanna, which operates 171 liquor stores in Canada!
Average Volume: 99,022,325
Yesterday`s Volume: 360,765,136
My short term price target is the 1.6usd resistance.
Long term, SNDL can go to $4.
Looking forward to read your opinion about it.
SNDL Sundial Price TargetSNDL Sundial, beside being considered a meme stock, it was a top volume asset in the last few months.
SNDL Sundial stock has an Avg. Volume of $206,286,369
Yesterday Volume was $102,632,702
Due to this fact and the increase demand in the cannabis industry, my price target is 1.25usd resistance.
But if we use the Fibonacci extension tool, we will see a 2.8usd price target.
I am looking forward to read your opinion about it.
SNDLSundial Growers Inc (NASDAQ:SNDL) needs to take out $1.04 The break of the key resistance line with heavy volume should be the next buy point. Daily technical indicators are looking bullish. The MACD is rising above its signal line and the RSI has moved above its 60% level. Plus, the volume is trending upward over the past couple days. If 1.04 gets breached, SNDL can rise to 1.50
SNDL breakout trade !!Hello Trader,
good mood and profitable trades !
As you can see on the chart, SNDL forming a bullisht chartpattern !!
MACD : divergence an d bullish cross
RSI and STOCH: bullish divergence
TRIGGER: breakout whit confirmation on LTF or bullback
Fib bretracemant act as targets
SL if price falling back in the pattern under 0.618 , or under 1d ma20 !
Remember that things can change too .
If you like this idea , support me with likes and comments !!
Dyor and trade save !
Invest in Cannabis while you can.Sector rotation is real and cannabis has been off the radar for a long time.
I can feel it in my bones. Even if the cannabis stocks sell off with the broader market, they will most likely outperform on the upside.
Also did I mention the breakout and retest on the rsi + the divergence after all that. I'm curious how the whole dang thing looks kinda like a reverse h&s.
(Not financial advice)