Another short on Sundial. SNDLLast time we had a laugh with the deniers and the haters. But guess what! She's going to dive again. Don't hate the player, hate the game.
Goals 1.13, 0.97. Invalidation at 1.83 .
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
Sundialgrowers
Sundial Growers (USA: $SNDL) Ready To Spring Higher! 🌼 Sundial Growers Inc. engages in production and marketing of cannabis products for the adult-use market in Canada. It produces and distributes inhalable products, such as flower, pre-rolls, and vapes. The company offers its products under the Top Leaf, Sundial Cannabis, Palmetto, and Grasslands brands. Sundial Growers Inc. was incorporated in 2006 and is headquartered in Calgary, Canada.
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 $1.4 by the end of Q2.
Sundial has a pending purchase of Canadian liquor retailer Alcanna .
Alcanna owns a majority stake in Nova Cannabis, a cannabis retail chain.
I think Sundial positions itself as one of the major cannabis players of 2022.
Looking forward to read your opinion about it.
Sundial: Time to Short?Sundial Growers - Short Term - We look to Sell at 0.5245 (stop at 0.5700)
Previous support level of 0.5400 broken. The trend of lower highs is located at 0.6660. Previous support, now becomes resistance at 0.5400. The bias is still for lower levels and we look for any gains to be limited. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 0.5400, resulting in improved risk/reward.
Our profit targets will be 0.3197 and 0.2890
Resistance: 0.5400 / 0.6000 / 0.6800
Support: 0.4300 / 0.4000 / 0.3000
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Sundial Growers sinking further. SNDLWe broke the floor with the latest candlestick. This means we are going even lower. I am taking Wave C of the latest zigzag to estimate how low, while taking conservative estimates. Anyway, picture overall for a bearish outlook here.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
#SNDL Just a matter of TIME ⏱️ before jumping higher🔥 Keep calmHi All, my main 3 take-outs from this analysis are the following:
1- 0.59$ level confirms to be a strong support and the price is reacting well from there just now.
2- Moreover, this support level represents to me the neckline of a reversal head & shoulder, which has been broken on Dec 17th with huge volumes at the opening. And it looks like the price is trying a pullback just at the neckline.
3- The target f this technical pattern should be at around 0.65$ and I strongly believe that it might reach this level soon, confirming the completion of another pattern, which would be a double bottom (with the two bottoms being the one of Dec 6th and Dec 15th
Not a financial advice, just personal opinion. Do your own due diligence and good luck!
#SNDL - 0.6$ might be the next and final support.Hi All, my main 3 take-outs from this analysis are the following:
1- Historical movements might be repeating themselves. Look at the three blue elyptical shapes and movements..
2- 0.6$ might be the next support from where the price might be rebouncing
3- AFter the rebounce the price might have a spike as done three times previously in the past
Not a financial advice, just personal opinion. Do your own due diligence and good luck!
#SNDL - The story might be repeating again...Hi All, my main 3 take-outs from this analysis are the following:
1- Price is moving as per historical recent moves
2- Price is still within the falling wedge and should see a breakout (hopefully upwards) prior getting to the apex. But it might take still some time
3- By tday and tomorrow we might possibly see a rebounce from the 0.66-0.65$ levels, as also shown in the past.
Not a financial advice, just personal opinion. Do your own due diligence and good luck!
SNDL - Historical moves are telling us all about the next move..Probably my most important video update so far... Let's see hw the recent months mvements might help us to understand what the next move might be.
In the meantime, price is just doing what it should, meaning covering the gap. Not completed yet, but we're close to it.
Not financial advice, just personal opinion and analysis
SNDL - Sundial Growers: maybe a retracement prior exploding?Hi All, my main 3 take-outs from this analysis are the following:
1- Price is moving within a descending wedge and a bigger trangle
2- Price has been rejected by the 200 MA and by a descending trendline resistence
3- We might see a retracement to fill in the daily gap left on Friday
Not a financial advice, just personal opinion. Do your own due diligence and good luck!
Sundial Growers (NASDAQ: $SNDL) Could See High Times In 2022 🌿Sundial Growers Inc. engages in production and marketing of cannabis products for the adult-use market in Canada. It produces and distributes inhalable products, such as flower, pre-rolls, and vapes. The company offers its products under the Top Leaf, Sundial Cannabis, Palmetto, and Grasslands brands. Sundial Growers Inc. was incorporated in 2006 and is headquartered in Calgary, Canada.
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 $102,632,702
Due to this fact and the increase demand in the cannabis industry, my price target is 1.25usd resistance.
But if we use the Fibonacci extension tool, we will see a 2.8usd price target.
I am looking forward to read your opinion about it.
#SNDL - Weekly showing strenght and reversal signsIf we look at the weekly chart, I identified two main reasons why I consider 0.7$ being the bottom and why I think there are good chances that we can see higher levels soon:
1- Previous week candle was a piercing line candlestick pattern, with the opening below the previous candle close and with the close above the mid-body of the previous week
2- The price is reacting strongly with high volumes at the 0.72$ level, which is where most of the institutionals have their average purchasing price
In addition to this, just to estimate where the price might go by the end of this week, let's have a look at the average true range of the last 3-weeks: the price had an average extension from low to high of approximately 0.13$. This means that, starting from the assumption that the week will be a positive one, and having the low of the current week at 0.715$, this means that the price might "potentially" extend its movement up to 0.845$. This is pretty realistic and we of course hope that this will be just the beginning of the trend reversal.
Also, in the H1 chart, the head and shulder pattern that I shared few days ago, is going to complete its formation attacking the 0.795$ resistance level soon.
#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$, which is the falling wedge target in red. After that level is reached.... only highways..
Good luck!
-- THIS IS NOT A FINANCIAL ADVICE --
Invest in Cannabis while you can.Sector rotation is real and cannabis has been off the radar for a long time.
I can feel it in my bones. Even if the cannabis stocks sell off with the broader market, they will most likely outperform on the upside.
Also did I mention the breakout and retest on the rsi + the divergence after all that. I'm curious how the whole dang thing looks kinda like a reverse h&s.
(Not financial advice)
#SNDL - 4H chart showin RSI divergence & much moreThe H4 timeframe is suggesting interesting points which make still think that we are close to a rebound; as I recently shared, the 0.7$ 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.
#SNDL - 4H chart showing a critical reaction pointH4 charts shows how three main trendlines meet at 0.7$ point, exactly where the price is bouncing now.
The purple line, the black line and the green line all meet at this point.
I would not be surprised to see a reaction tomorrow from these current levels, and a second/third and fourth week of May definitely bullish, in my personal opinion!
#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.