daily looking like reversallooking like a reversal is coming!!! i aint a professional for another year though so do your own d.d
SNDL trade ideas
I feel bullish but hesitant.I am currently at around 100 shares. I have been waiting for that pop and the volume seems to indicate that soon that will happen. However the pattern that we are in is very stuck and is looking for a newer indicator that this stock is ready to start a new trend.
We will see the results soon. I am thinking $1.50 before year-end, but that is a very liberal estimate.
$SNDL is gonna fall todayPupm&Dump trading strategy idea.
$SNDL is rising without clear preconditions today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $0,48;
stop-loss — $0,521;
take-profit — $0,439;
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
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You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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SNDL vs GRWG comparison Sundial Growers, Inc. engages in the production and distribution of flower, pre-rolls and vapes. It operates through the following segments: Cannabis, Ornamental Flowers, and Corporate. The Cannabis segment includes legal cultivation and distribution of cannabis products under federally regulated licenses issued by Health Canada. The Ornamental Flowers segment covers the legacy operations of Bridge Farm. The Corporate segment represents corporate activities and items not allocated to reportable operating segments. The company was founded in 2006 by Stanley J. Swiatek and is headquartered in Calgary, Canada. SNDL has 1,064 employees.
GrowGeneration Corp. engages in the retail of hydroponic and organic specialty gardening products. It offers lighting fixtures, nutrients, seeds and growing media systems, trays, fans, filters, humidifiers and dehumidifiers, timers, instruments, water pumps, irrigation supplies, and hand tools. The company was founded by Darren Lampert and Michael Salaman on March 6, 2014 and is headquartered in Denver, CO. GRWG has 184 employees.
Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny for a month it = $5,368,709. Good luck and happy trading friends...
*3x lucky 7s of trading 101*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue & Earnings
Debt / Cash
Book value, assets
7 Common mistakes:
+5% portfolio trades, risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors
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Big organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
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pi RSI - trend momentum
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SNDL / Sundial Growers / Technical/fundamental analysis 30/11/20Long @ 0.399 / 2k shares
Fundamental aspect of trade
CALGARY, AB, Nov. 30, 2020 /PRNewswire/ - Sundial Growers Inc. (NASDAQ: SNDL) ("Sundial" or the "Company") provides an update on the elimination of its senior secured second lien convertible notes and further improvements to its balance sheet.
Yesterday the company announced update of eliminating its debt and the chart has reacted positively. Its debt has been reduced significantly over past year.
Company has decent amount of cash (60M CAD) and has succesfully pursued transition from wholesale into branded sales. Long term outlook for profitability after recent ER is bullish for me. Focus on shareholder value and improving price.
Techical aspect of the trade
The price has been climbing premarket and then dropped into .48 - .49 before market opening. We saw a bear trap formed and then a big ascend to .70 - .85, then consolidating on .70. Price in German stock market traded on early Tuesday morning, 1.12.2020 indicates .79 to .85 price range after converted to USD. The price reacts to upcoming legalization bill vote in US House of Representatives, then by Senate. Other cannabis stocks are showing similiar moves. Chart is witnessing extreme volume - over 2 billion shares were traded intraday on 30th of November. Liquidity on pennystocks is the main driver for my trades. Fintel shows some very interesting names among institutional holders.
Some Parabolic Volume HereWent in blind this morning. Has been on my watchlist for about a year now. Finally seeing room to enter. Somtimes patience is key. I see plenty of room to get back to IPO price here.
Trade alert : SUNDIAL GROWERS INCEverything points up on this. Expect some big movement Mon-Tues.
Can easily get pumped to $.60+ price.
Simple message: Buy SNDL
*Indicators used*
-Zig Zag
-Pivots
-Vol
-MACD
-Super Trend V1.0
*Tools used*
-Trend Line
-Triangle
-Arc
*Like if you find useful, thanks!*
First analysis - SNDL ( potential breakout points ) I have allocated all major trend lines on this stock using ( support, resistance, upwards and downwards, vertical ); when all of these lines intersect, it breaks out into new support and resistance zones. I have tested this on the history of the stock and it seems to be working most of the time. I guess this is what most traders use atm. I have highlighted all potential breakout points ( either up or down ). Note the recent pump was within the significant support and resistance zone hence not being highlighted. Tell me what you guys think?
SNDL Sundial Fibonacci retracement completedAfter the Tech bubble and the EV bubble now it`s the time for the Cannabis market to shine! :)
Sundial Growers engages in the production and distribution of flower, pre-rolls and vapes. It operates through the following segments: Cannabis, Ornamental Flowers, and Corporate.
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SNDL: support flip resistancebad line for pumpers, short term bearish. I am expecting 18 cents before we can go up
