SNDL pop back to ATH??I really just wanted to post this so ppl can know i got in it. i'm holding for the rest of the week bc weed stock like the politics. target is either $0.8 or ATH. i got in at a great price. don't chase. good luck happy trading.
ALSO if the RSI doesn't get denied all the buys will push it up
SNDL trade ideas
Pattern to Breakout Correlation SNDLWhen 200 MA (BLACK) meets 50 MA (YELLOW) a spike will follow. This pattern happens all the time on all the time frames and you can trust it to spike every Patience is the key, let the chart play out. (So when it doesnt spike immediately and may even push down first to gain momentum so it can spike.... dont get flustered.)
Sundial GrowersCannabis stock, Dept free company apparently.
With reversal I would expect that it will finish Elliot wave with the 5th coming in next.
My first target is 1.10 which is over 100%, so its ambitious, but very possible.
It broke out of very long downtrend recently and with US changing its course on the sector, we may see great spike in the coming weeks, months.
Volume is great as well.
Sundial, potential jackpot #BullishAFSundial growers has been getting a lot of volume these past two months, even having a day where it achieved 2billion volume . This resulted in a golden cross, which will result in a bull run for sundial. After breaking out twice, and finding support after each break out. Sundial has extremely high potential to repeat this pattern and beat the previous break out high of $.98 cents. There are a ton of catalysts for this company that ALL point towards positive price movement. let’s start off with the fact that sundial has cleared all debt. Sundial is the ONLY cannabis company to have no debt. Sundial has a very low market cap compared to other cannabis companies. Tilray , Auroa, and Cronos group have market caps of 1billion +. I believe that sundial has room to grow its market cap, atleast to around 1billion. If you research sundial’s website they offer a wide array of great cannabis products, which they are constantly improving. Sundial is trying to make stronger thc potentcy in bud which is a great sign of strong future growth and progress. With Biden being elected, the house looking at the PACE bill, the culture right now with marijuana, and a stimulus check around the corner..marijuana industry as a whole is a ticking time bomb. I think sundial has the best profit potential. Price target 2.5 long, 1.38 swing.
Enter and Exit Feedback Requested - SundialI see a EMA tightening, looking to challenge the trends, and all indicators are looking at either oversold, about to return, and the MACD is showing possible return to better positivity rather than neutral price action. It think we're going to see another 30% spike soon.
SNDL: Highest VOLUME ever seen before 2 BULLISH patterns11.9.20 SNDL hits a peak volume of 756.81M. On 11.30.20 it hit its highest volume peak of 2.06B. Now on 12.21.20 volume has begun to peak again 669.30M. Cup w/ handle and dual pennants both indicate the upcoming bull run. I recommend a buy now and sell at $1-1.50. However I could see it hitting $2.
SNDL about to pop Sundial growers is a MJ company
Rumors that CGC is going to buy them out/merge sometime this week. Don't be surprised if they agree and say they're buying this company for 1$/share or whatever the valuation is at. Going to pop hard
Amazing R/R set up
On monday I'll see what the price action is and make an entry based on what I'm seeing
Second analysis - SNDL I have marked the major support(red) and resistance (blue) zones on the chart.
I have also allocated an emerging trend with two repeating cycles following an ABCDE pattern.
However, for a third possible cycle (D to E), I'm waiting on confirmation for the price movement to break the chart's first primary resistance.
Until then, my consensus is neutral.
Tell me what u guys think?
SNDL and the decriminalization billWe all know a bill decriminalization bill passes the house last week. Even if it doesn't pass Congress, the hope is there due to the historical moment. This is proven through the massive amount of volume SNDL and other cannabis stocks have received. SNDL had a volume alone one day of 252 billion. This thing has been averaging jumps of 30% in a day. Get your swing on if you can.