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Sunniva

SNN - Uptrend Broke bearish on Lawsuit news, finding new supportCSE:SNN After 6 weeks of tightening ranges Sunniva broke bearish on news of a data breach and lawsuit. While this stock has promise based on fundamentals, the chart is not set up very well for low risk entries. Some chances here for a bottom fishing play might be possible but, $5.00 is a key level to close above and hold on a daily basis. Q4 financials are scheduled for end of April, with some forward Q1 guidance it may help. but would expect April to be fairly flat and trying to find new support. Now below all major moving averages as well as breaking the last two weekly supports at $4.65 and $4.40, closing just above at $4.42. level 2 data shows heavy resistance at $5.00 could possibly set up for a monthly break near end of April. $5.25 is break out level on the month
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by justin_paul
SNN Daily consolidation under way. Good LONG entries are hereJan 9 SNN: My take: So volume tapered right back today, declining bear volume. We had a big move up with almost 1 million shares in volume in 8 days and we have not had a big rush to take profits, bulls just needed a breather Todays range was between $5.00 as the high and $4.75 as the low, with low coming at end of day thought there is a discrepancy in close price between exchanges, some posted 4.78 close Our hourly pivot lows are technically $4.62, $4.65, $4.71 and $4.75 but we would need to not break $4.75 tomorrow to confirm hourly higher lows. We are close to having a golden cross on the 9DMA and 50DMA which is a bullish indicator, and the RSI levels are cooling off enough that we could resume higher. The 14 Period RSI: Hourly: 52 4-hour: 67 Daily: 65 Weekly: 45 On the daily chart a break of $5.00 with close near the high, will set us up good for Friday. however this doesn’t not necessarily need to happen for continuation as long as we hold today’s low of $4.75 and preferably above $4.78. On the hourly chart we are looking for first a break of $4.90 and then a break of $5.00 for a bullish signal. A close above $5.42 on Friday gives us a great weekly chart, with a strong set up for next week. It’s hard to say given this set up how bulls will react to probably MJ majors and indices consolidating, but haven't been entirely correlated to them in recent times. Also fundmentaly we are still well undervalued to our Peers based on forecasted 2019 Revenue
SLong
by justin_paul
SNN - Sunniva looking to change trend upon daily consolidationMy Take: Ideally I think we would see a push up to 4.80 and possibly love 5's on Monday and then consolidate over 2-3 days in mid to low 4's ($4.20 and 50 dma at ~$4.10) before pushing back above 5. The $5 price range is going to take support and conviction, along with a bunch of new buyers as we had the bought deal at $5.27. With psychological resistance at 5, bought deal price and then our recent top out as well at ~$5.55 thats a heavy zone. After getting through that zone we that could see a big break to the 200dma and into the 7's. The daily chart is only at an RSI of 67, which is not over bought by any means and increasing bull volume is a good sign. scanners will have picked up the 17% gain and chart trend, which can be good for another push but will attract increase short pressure to consolidate. The uptrend (up-sloping blue line) has lots of room to work with so a 2-3 day correction is not anything to worry, but $4.00 is key to stay above in my opinion (right in that intersection of the uptrend and downtrend) otherwise it would only be considered a lower high on the long term downtrend (down-sloping blue line) which we closed above for the first time and above the 50dma for first time since late August early September. Sunniva is under valued Fundamentally based on near term revenue analysis, the stock was pumped early on with the MJ bull run back in january, but faded the entire year because of missed construction/ operation targets, things are looking good for 2019 and beyond and this stock is worth looking at upon confirmation of trend change. Do some digging and due diligence!
SLong
by justin_paul
If you want to invest into cannabis? You might like Sunniva! The cannabis sector is like the dotcom or the tech boom that went from explosion to implosion. Now it starts to get interesting in the new market. The extreme speculative and euphoric time is over and now it begins the value pricing. I guess there will be one more leg down and then the blood is all over and real investing begins. Companies like Aurora, Canopy or Aphria had their times and other players will start to attract investors money. And in my opinion it is time to start looking at a company that is called Sunniva Inc SNNVF. They are close to finish phase 1 on their California Cannabis Campus and they already have a signed contract to deliver 45.000 kg of Cannabis to Canopy Growth in 2019. They just started selling in Cali and as you might know, this will be the biggest market for the medical and recreational products in the world. I took my first position in the 2.30s and planing to accumulate more when it dips into the 2.50 area, if this might ever happen again. But this will be a mega growth story cause they missed the whole ride in 2018. They had their IPO when the bubble was already so overextended and they just jumped up to around 16$ from 7.50$ within a few days and then started to fall like a rock. Also they are not listed on a major us exchange and that makes them a not much recognized player. This will be the biggest story to come in 2019 like Tilray had in 2018. Sunniva has only around 45 Million shares and that will cause a hell of a ride when people really start to realize what it is all about with this company. www.sunniva.com Just my opinion so make your own research And like always Mai the markets be with you
OTC:SNNVFLong
by derfreietrader