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SNDL INC.SNDL INC.SNDL INC.

SNDL INC.

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SNDL trade ideas

Possible Descending Widening Wedge SNDLSNDL has been, along with the Canadian cannabis sector, in a long downtrend since June 2021. If you exclude the 2 sharp jumps in prices, the pivot points have been making a Descending widening wedge. This reversal pattern, in addition to the company's recent acquisitions and diversification of assets, may lead to both a sharp jump in price in the short term and an overall reversal of trend in the next year or two. Additionally, the US, Canada's bordering country, has a bill that will be approaching the Senate floor for the decriminalization of cannabis on a Federal level. The news of a vote on said bill will most likely be a catalyst to an increase in price prior to the actual vote; leading to a jump in price. Sndl is currently in a curing stage to increase it's stock price to $1 for 10 days within the next few months. The company also has a stock buyback plan yet to be implemented.
NASDAQ:SNDLLong
by MissingCodex
SNDL confirmed bottom with Classic Bullish DivergenceSNDL finally putting in a higher low. We got that Classic Bullish divergence and now it appears SNDL has backtested weekly support as support yet again at $0.46. The chart is saying we're going to get some sort of rally. Keeping the stop loss below that previous low around $0.40 makes sense when SNDL can easily go on a 50-200% streak in the next month or two...or it could fail. Keep emotions in check on these weed stocks. Entry: $0.50 1st Target: $0.92 2nd Target: $1.10 3rd Target: Moon Edit: Ignore the white line on the RSI, that doesn't have anything to do with my trade setup. The MACD is the classic bullish divergence.
NASDAQ:SNDLLong
by MediumOfEscape
1
SNDL Elliot Wave AnalysisSNDL Elliot Wave analysis Elliott Wave Theory is named after Ralph Nelson Elliott (28 July 1871 – 15 January 1948). He was an American accountant and author. Inspired by the Dow Theory and by observations found throughout nature, Elliott concluded that the movement of the stock market could be predicted by observing and identifying a repetitive pattern of waves. Elliott was able to analyze markets in greater depth, identifying the specific characteristics of wave patterns and making detailed market predictions based on the patterns. Elliott based part his work on the Dow Theory, which also defines price movement in terms of waves, but Elliott discovered the fractal nature of market action. Elliott first published his theory of the market patterns in the book titled The Wave Principle in 1938. Simply put, movement in the direction of the trend is unfolding in 5 waves (called motive wave) while any correction against the trend is in three waves (called corrective wave). The movement in the direction of the trend is labelled as 1, 2, 3, 4, and 5. The three wave correction is labelled as a, b, and c. These patterns can be seen in long term as well as short term charts. Ideally, smaller patterns can be identified within bigger patterns. In this sense, Elliott Waves are like a piece of broccoli, where the smaller piece, if broken off from the bigger piece, does, in fact, look like the big piece. This information (about smaller patterns fitting into bigger patterns), coupled with the Fibonacci relationships between the waves, offers the trader a level of anticipation and/or prediction when searching for and identifying trading opportunities with solid reward/risk ratios.
NASDAQ:SNDLLong
by thereisnocoin
1
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
NASDAQ:SNDLShort
by Rykin_Capital
3
SNDL - Day of reckoning coming for weed stonks? Weed stocks are having a great week so far and I don't think the fomo has kicked in yet. SNDL is breaking out on weekly into the new channel and can squeeze higher above a dollar. I think this will continue running into month/quarter end and potentially 5-7+ dollars into Q2. This entire sector has been beaten down for years as money has shifted into tech and growth. As the Fed tightens, people will look to value vs growth and this sector is at/near all time lows. Risk to reward is a no brainer.
NASDAQ:SNDLLong
by Jigstack
2