SNDL - Sundial Growers: maybe a retracement prior exploding?
Hi All, my main 3 take-outs from this analysis are the following:
1- Price is moving within a descending wedge and a bigger trangle
2- Price has been rejected by the 200 MA and by a descending trendline resistence
3- We might see a retracement to fill in the daily gap left on Friday
Not a financial advice, just personal opinion. Do your own due diligence and good luck!
1- Price is moving within a descending wedge and a bigger trangle
2- Price has been rejected by the 200 MA and by a descending trendline resistence
3- We might see a retracement to fill in the daily gap left on Friday
Not a financial advice, just personal opinion. Do your own due diligence and good luck!
Comment:
Price is moving according the the analysis, aheaded to the gap covering at around 0.73$. I still expect a drop till that level. Please note that the monthly candle might close with a higher high and higher low, for the first time since months