SNDLSundial Growers Inc (NASDAQ:SNDL) Potential short-term reversal trend here. Momentum is coming back to this name. Might be worth watching for a new move to the upside.
Sndllong
SNDL has a huge potential for a big squeez > 25 $ perfect time to jump in Sndl stock. This stock is one of cheapest long term stock in cannabis market that is really undervalued right now. Maybe it will go a little bit more down but in compare the huge opportunity it worth to buy in these prices.
SNDL BUY/LONG OPPORTUNITY NOW READY! Technical Analysis
1. Large Head & Shoulders
2. Fibonacci Retracement at 0.618 (Golden Zone)
3. Pennant/Falling Wedge
4. 1st Take Profit will hit the key Impulse of the massive sell (Some resting sell orders will be there hence pushing the price down which would
create a breakout and retest of Head & Shoulders formation) - Note that the 1st Take Profit Level is also at Fibonacci Expansion Level 1 (Grey Zone)
which is good for safe take profit
1st Take Profit: 3.0000
Re-Entry: 1.9000
2nd Take Profit: 4.1000
SNDL Potential EntryPossible Entry or Short for SNDL
Variables to consider are listed on chart, I am not a financial advisor, just a man with ideas.
SNDLBroke out of expanding flat only to crash right back into the pattern. No clear direction here except a possible bounce here due to oversold technicals. Support seems strong around $1.05 on daily TF. I would look to buy that test if we get there.
