SNDL trade ideas
ADDED $SNDL NEW Target 1.79 for 75.49% $SNDL Target 1.79 for 75.49%
Or next add at Support @ 0.65
-----
Oh SNDL, you crazy beast... I actually wouldn't mind getting 1 more average down at .65... but we shall see...
-----
—
On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
ONLY ADD at support levels & FIB levels…
I start every position with .5 - 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
SNDL GAMMASQUEEZEThe pot boom is finally here. It's time to go up. 270,000,000 shares short, the shills are trying to say the targets are anything but what they are which is super high. 5-10-20-50$ possible. do not miss this 1.
The company has now become a loan shark and multi merger. do not let bears fool you.
Sundial Growers Undervalued | Bullish FundamentalsSundial has had improved EPS (still not impressive atm) BUT, the street has given it a $2 valuation (DYOR) at the least and it's a behemoth of cannabis stocks. With the fed ban lifted now, this should open the market up considerably and SNDL, with several hundreds of employees and tons of cash, this is something to watch. The technical indicators are more for my own personal interests in this (yes I'm holding). One last thing, there's considerable shorts sitting on this from what I've heard and there's a TON of chirp across the chat space so do some digging and you'll come to the right conclusion. As always, not investment advice and again, DYOR. Good luck!
🟢 $SNDL Target 1.95 for 65.25% (134% from here)🟢 $SNDL Target 1.95 for 65.25% (134% from here)
Or double position at .65 Support level
-----
—
On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
Numbers with an A are places that are a good idea to add if you can.
Numbers with a D are places where you should double your position.
I start every position with .5 - 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
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 1000%+ GAINS COMING UP! -first pennant pattern we got 120% returns on the $1 calls
-now we are squeezing even harder
-Good thing to notice is that the bearish cloud is starting to get thin (weak) so now were more susceptible to reverse
- SHORT FLOAT at 13.7% which is super high allowing it to form a short squeeze
-Also we broke the downtrend on the daily so we should start to see this pick up soon
- beware of a false breakout it can go both ways
-wait for volume to pull in
What's not to like about the stock?1) if you look at its lowest point until this date you can see this has been bullish, even before the big spike up to $4 this was definitely making higher highs.
2) "With a near one billion in cash, there is no risk of liquidity with Sundial. The risk in holding the stock is moderate to low. " -seekingalpha.
3) Sundial has already made CA$15.7M in income from their own capital allocation and income on interest.
4) To contrary belief SNDL is not a meme stock (as of now) or a WSB stock, if anyone actually reported and did some investigation in the WSB reddit you would see that WSB dislikes SNDL with a passion. So I would be cautious when reports come out saying SNDL is nothing more than a WSB stock with no underlying fundamentals or value.
5) The biggest issue I see that SNDL needs to deal with is dilution of shares, If institutions hate anything other than WSB doing a short squeeze its a company lowering their share value. For this reason investors need to see this as long play rather than a short term get rich approach. (just my opinion)
6) There is no doubt putting up money into MJ companies right now is risky since most MJ stocks have been loosing money, the good thing about this though is SNDL has a foot in if they want to acquire the company or if the company decides they will file for bankruptcy, SNDL can simply merge that company with all its SKU and distribution partners and make it part of their portfolio.
7) SNDL is strapped and ready for when the USA legalizes MJ, but how? Well all they need to do is find a Small MJ company and they are in, this will also provide hedge funds with confidence.
SNDL - Another WEED FirecrackerFollowing a strong motive rally with huge blow off top, SNDL has corrected to 0.618 Fibonacci retacement to bounce too 200Dma and is now holding approximately at 0.618 retracement again above the 200ma. Price could fall more of course, but sideways drift suggests correction is either done or nearly done. This is another WEED name with A LOT of trapped buyers above from an enrmous bear market willing the auction to return.
We have good news here! 🤑Ok, SNDL is just trading at the fibs retracements, and it looks like the 61.8% is holding the price, for now.
If we lose this retracement, then most likely we’ll see the 0.83 again. But we have good news!
If we leave the retracements behind and break the 0.96, it’ll be something fantastic. The 1.06 is a resistance, but other than this… only the 1.50. SNDL can fly again, and it won’t be easy or without risks, but if everything works well, this is going to be great!
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.