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Sundial

#SNDL - Weekly chart piercing line patternThe end of the week is showing a reversal candelstick pattern: the piercing line. In fact, the week opened below the closing of the previous week and it closed abive the mid-line of the previous week. This indicates that bulls overwhelmed bears this week. Moreover as you can see from my latest idea, there is a reversal head and shoulder formation in the H1 timeframe, with neckline at 0.795$. I am extremely confident that this line of resistence will be broken next week and the bullish trend reversal will start
NASDAQ:SNDLLong
by FrancescoMerlettini
#SNDL - Fun has finished for bears. H4 showing reversal signsLong story short: H4 chart is shwing a H&S reversal pattern which will be confirmed in the next hourly sessions, by breaking the neckline at .795$. In my opinion there are good chances to see a runaway gap above this level tomorrow FRI 20th. Target for this technical pattern is 0.92$, while 0.85$ is the target for the green channel that you can also see in the chart. Longer term, next target will be 1.4$, which is the falling wedge target in red. After that level is reached.... only highways.. Good luck! -- THIS IS NOT A FINANCIAL ADVICE --
NASDAQ:SNDLLong
by FrancescoMerlettini
#SNDL - 4H chart showin RSI divergence & much moreThe H4 timeframe is suggesting interesting points which make still think that we are close to a rebound; as I recently shared, the 0.7$ area is extremely important has it is where three important trendlines are crossing (this is not visible frm this chart). Summarizing my points: 1- RSI showing divergence with price action, and it is rebounding for the third time in oversold territory 2- Falling wedge broken on April 19th with volumes 3- Today closing H4 candle is a piercing line candle, which opened below the lower of the previous candle, and closed approximately at half of the body of the same previous handle. Not visible from this chart, if yu have a look at the monthly candles, you'll see that the last three bearish candles have lower volumes, and this is a strong sign to me, that we are just few days/weeks away from recoverying an uptrend with higher volumes.
NASDAQ:SNDLLong
by FrancescoMerlettini
#SNDL - Falling Wedge in H1 broken with volume! #SNDL is in my opinion very close to reverse the downtrend. Possible rebounce area at 0.7$, if not happening before. The one hour chart is showing a falling wedge being broken - with volumes - on April 27th and the price is now retracing looking for a pullback. Very interesting to see how this bullish wedge pattern is also supported by an RSI divergence: so, basically, the RSI shows higher lows, while the prices are showing lower lows. This is pretty indicative of the fact that sellers are loosing momentum. The target of the falling wedge stands at 1.35$, but I am pretty convinced that once we reach the 1.3$ again, we'll not be seeing the bottom under 1$ anymore.
NASDAQ:SNDLLong
by FrancescoMerlettini
2
#SNDL - Rounding bottom and huge H&S in Weekly TFAfter sharing my vision of SNDL in the short term, through an analysis of H1 chart, I would like to share my long term vision, using a weekly chart. After IPO in Aug 2019 (13$) there's been a lot of diluition of shares which brought the prices down to 0.2$. During this huge drop, the prices reacted on Jan 2020, reaching 3.9$ and creating the left shoulder. After that prices dropped again reaching the bottom and they reacted again in Feb 2021, re-testing again the neckline that was created one year before. In my opinion the price is now forming the right shoulder before attacking again the neckline for the third time, completing the H&S formation. This might take 1-2 years the latest - in my opinion - and once prices are there we could see a strong brekut of the neckline pushing the prices up to the 0.382 Fibo level and 0.5 Fibo Level a 6.69$. Moreover, from the chart is pretty visible how the price is forming a reversal bottom which gives us a strong indication that buyers want to take this out from this stagnant price levels. So this title will not payback immediately and we need to patient.
NASDAQ:SNDLLong
by FrancescoMerlettini
2
Latest analysis for SNDLIf you saw my latest post I talked about short term down trend being broken (now marked on faded blue line) those lines were made last time with a daily candle. This time I worked with the 1 week candles which made me see what I was expecting from SndL (I’m using the Heikin candles to remove noise and get a more accurate long term trend) knowing be broke daily down trend and seeing that we are close to the end of this beautiful triangle makes me believe SNDL is not going to the moon today or tomorrow. But slowly we are going the right direction. Green line shows the long term uptrend and asides from Hype!!! We have a company that i believe has lots of potential to grow.
NASDAQ:SNDLLong
by heduardo85
2
SNDL - Meme or TA Dream? I know SNDL is still living in Reddit/Meme territory, but there are also some very solid technical analysis (TA) indicators that could mean we're in for another push. Chart above has call outs for major points of consideration, but will recap here as well: Each push that SNDL has made, comes back to the .618 retracement line (which is a pretty sizable pull back). The most recent push has already made that pull back. We have touched the 50 day moving average and the long term support line . Each time in the past the 50 day moving average and support line have been touch there's a big push that follows The only caution I see here is the overbought position on the Stochastic RSI (1 day candles). We could see a drop in the next day or two, but I don't see that impacting the over all trend. It could be another test/tap on the support line before a big push. Lots to consider here, but it feels like we have some pretty strong bullish signs for SNDL in the coming weeks.
NASDAQ:SNDL
by worldlyTacos81375
10
Still awaiting reentry for Sundial SNDLIt's sort of at a tipping point and I don't think it has the strength to tip upward. I will probably make a partial reentry anywhere in the circle, then wait for more information. I have it going as low as $.94 but I won't wait that long for my first reentry. If it gets to 94 cents I'll go hard. With legalization on the table, it may not dip so low, but remember that any time a stock makes a really big run, there are a lot of shares out there in the green. Most people like to take profits at some point or another. It's only March, this stock has a long year ahead of it and a lot of time to reach $7 or higher. For now that's my expectation but I'm not rushing back in yet. Oh yeah.. IF it rides above the rising trend line I will have to watch it like a hawk in case it decides to go on a run. I'm not confident in that, but I acknowledge the possibility. I still don't think we are in emergency mode yet. I think we still have this week and maybe next before we start missing out on runs. Later this week we might see some early surges so I think we just need to "stay calm and due diligence" (trademark).
NASDAQ:SNDL
by RickSmash
9
SDNLGrowing safe and consistent cannabis isn’t something we take lightly. Our customers trust us to deliver a variety of high-quality products and to help them make informed decisions. We honour that trust by filling our world-class growing facilities with world-class people - experienced growers, researchers, quality-assurance specialists and more, all experts in the art and science of growing cannabis. I mean...Weed industry is on verge of booming. This bad boy sunk but man honestly, I didn't do the normal research. I know for a fact it's just a matter of time so why not hop in now? I could be wrong but i got the itch about this one....Did a call option for 2023....@ 50 cents. Would go more in depth but in classes. What do you think? Like Follow Agree Disagree!
NASDAQ:SNDLLong
by Redimere_91