SNDL trade ideas
SNDL: Bullish PennantBullish Pennant
Descending volume during formation
PPS above 50MA and 200MA
Golden cross in blue
RS above 0, and ascending
ATR Ascending
R/R ratio above 8
Cons:
200MA descending
250RSI below 50
PT = 1.93$
Sundial MT (February 2nd 2021)Sundial (SNDL) (February 2nd 2021 through 2022)
Low: $0.56 - $0.60
High: $2.09 - $3.30 - $5.22
This is one I have been watching for a little while and found an excuse to chart it last night with Cindicator asking questions about for a forecast.
As it's a cannabis company stepping out of its first gnarly bear market into a world of expanding marijuana freedoms, I have reason to believe this will be very bullish in the coming year or 2. Potentially will exceed my fibonaccis by a couple golden multipliers if the bearish reactions aren't too severe for each new notch Sundial goes up. Definitely a good penny stock to watch for the future, potentially great opportunities here.
Most of my fibonacci price action makes sense (to me) and leads me to believe this could be 1 potential working fibonacci setup. The paths are a little bit messy but just gives a general idea of price action I expect to happen. It could happen or slower than I expect it to as well, many things to watch out for but I only hear of more and MORE positive cannabis news in Canada and the USA. In my opinion, the USA's MORE act will help immensely when things really get rolling if it happens like I think it could.
Potential cup and handle forming in this chart? If the next few months go "parabolic," I would definitely look for any short term selling points around $5.22 to re-buy at slightly better profit just under, maybe near $3 or $4. Even that scenario might not happen perfectly but I will be watching this one closely in the future if I can help it.
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
SNDL Penny stocks trades
NASDAQ:SNDL
For those lovers of penny stocks and the craziness that comes with it, here is one for the books.
Remember, your money your choices.
WallStreetBets-fueled short-squeeze looks to continue to $2Folks, this is a very bullish chart technically and the WallStreetBets-fueled short-squeeze is also now solid as a fundamental bet after the cannabis company announced that it expected to raise roughly $100 million via the sale of common stock and warrants last Friday. Following the stock and warrant offering, SNDL is now on far stronger financial footing.
$SNDL: SmlCap play - Potential 45-90% upside from today's closesee easy and self explanatory boxes on chart for Entry, Exit and Stop loss zones. Never chase any stock.
Not for any recommendation, Just an Idea. Like it >> Click 👍/comment, and follow.
SNDL Penny Stock Alert Update$SNDL - Sundial Growers Inc. - Common Shares Status Alert: Deficient
Initial Alert Price: $0.52
Price High: $1.19
% Gains/Losses: 128.85%
(+114% More Than Expected)
Potential Stop Loss: $1.1305
SNDL topped out at $1.19 after breaking out to the $1.36 Price Levels and finding resistance. The stock has recently gained High Retailer Attention due to the most recent "Short Squeeze Stock Movement" by @_wallstreetbetz. Today's Breakout provide a 126.92% Profit Gain on the initial trade alert and we suggest selling half of the position to secure initial investment to lower investment risk and allowing those profits to continue making money. We will be looking for a potential exit strategy dependent upon today's momentum and any signs that we see of a reversal. #Breakout #Stocks #Trading #Investing #Alerts #StockMarket #Daily #News #Today
$SNDL, Black Hole pattern SpottedBlack Hole Pattern sucking everything in, 1st target hit.
part of the #Wallstreetbets stonk,
Biden love Mary Jane,
You love Mary Jane,
Long Term MJ stock,
closing my eyes letting the blackhole take me wherever they want to take me.
Broke the line of resistance. MACD is looking bullish and with high volume expect this to go perhaps to 2 dollars. This is a long hold for me. This year will be a good year for the cannabis sector.
SNDL Triangle Breakout! 30% move possibleNASDAQ:SNDL SNDL is at the forefront of the robinhood/hedge fund fiasco and is getting extreme attention. Just search it on twitter and stocktwits to see what I am talking about. I don't normally trade penny stocks so I am treating this as a riskier lotto play. My current position in SNDL is at shares at .83 and $1 march calls. I played SNDL on the 27th and was able to lock in >100% on that beautiful gap up. Now I am back for another go.
Chart: there is a beautiful triangle pattern developing that is posting higher lows and becoming extremely tight. The key for a breakout tomorrow/tuesday will be the volume. I would love to see a bullish close and at least 1 billion in volume tomorrow. higher probability trade would be to wait for the triangle breakout with confirming volume. SNDL has received massive volume the past two days of trading (2bil and 1 bil respectively). Its 10 day average is 557 million. This is a pure momentum trade for me and I will likely have my stop loss under .72 as this confirms a lower low and failing of the triangle pattern.
Volume profile: the daily POC is at the .6940 range, I dont expect to still be in the trade if this lvl is ever reached. The POC for the past three days of trading is right at .8045 lvl, this is just about the current price level. If we cannot hold above this lvl then I would be weary entering the trade until it reclaims if you are not already in.
There seems to be a solid support at around .7496 and I currently have an extended hour order in to catch some dips in the morning if this happens. I have a hunch that SNDL will be gapping up. I am looking to scale out of the trade at $1, $1.20, $1.50. Good luck all!
sundial growers stock analysis Hold for now - go long only if the trendline first and then the support level of 15 usd will not be broken
NASDAQ:SNDL
SNDLSundial Growers Inc (NASDAQ:SNDL) traded higher last week and has closed back above the major support, although only by a few cents. If the stock can break Friday's high next week, I think we will rally back to the $1.30 level.
Trade Alert pt.3: We will hit $1 soonI Hope You all made money previous times I alerted you :) Time to enjoy another run!
If we don't p*ssy out this may pump HARD...
*Please leave a like if you find this post useful, thanks*
Potential breakout to the upside coming soon after a final dipOne last chance for late comers to enter around 0.777 before going to moon. Not financial advisor. Do your due dilligence.
