Since the pandemic, AMC and other stocks have been heavily manipulated and we are feeding more and more to the kolaps. It's not financial advice just a technical analysis from my side
Hello guys. Here is my TA for SNDL atm. Due to market conditions as of now, I feel there is further retracement to be made. Short sellers know there is plenty of retail in this stock, and day by day their moral is being destroyed. Taking a look at this chart, heres what happened We have been in a falling wedge for quite some time, and as you can see once we...
Bought the dip at .50 .45 .40 now waiting for compliance. They have 10 days for an extension, a reverse split, or a buyback to get above 1$. i am straddled and positioned for whatever they do. i am accumulating and will be on this stock forever. they have profit, 500m in the capital, and just bought alcanna outright. little to no debt, (only for typical...
Sundial Growers - Short Term - We look to Sell at 0.5245 (stop at 0.5700) Previous support level of 0.5400 broken. The trend of lower highs is located at 0.6660. Previous support, now becomes resistance at 0.5400. The bias is still for lower levels and we look for any gains to be limited. Further downside is expected although we prefer to set shorts at our...
We broke the floor with the latest candlestick. This means we are going even lower. I am taking Wave C of the latest zigzag to estimate how low, while taking conservative estimates. Anyway, picture overall for a bearish outlook here. 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...
Besides an estimated $540 million in sales in 2022, up from an estimated $50.5 million this year, Sundial has a pending purchase of Canadian liquor retailer Alcanna. Alcanna owns a majority stake in Nova Cannabis, a cannabis retail chain. I think Sundial positions itself as one of the major cannabis players of 2022. My Q1 price target is $1.7
Check it out, let me know what you think. SNDL look like a double bottom with a couple and handle formation under way. What is the short % on this right now?
If you haven `t bough the stock here, at 0.57usd: then you should know that Malta became the first European Union member to legalize recreational use and growth of marijuana. Democrats overwhelmingly support legalization for both medicinal and recreational purposes of marijuana. If the U.S. market open up, it could be a boon for SNDL stock. My price targets...
Hi All, my main 3 take-outs from this analysis are the following: 1- 0.59$ level confirms to be a strong support and the price is reacting well from there just now. 2- Moreover, this support level represents to me the neckline of a reversal head & shoulder, which has been broken on Dec 17th with huge volumes at the opening. And it looks like the price is trying...
A bullish wedge has been forming this year. With a positive earnings report first time in the company's history being made in November, the price is looking to break out of the wedge in the coming months. Bullish.
Wall Street has Sundial pegged to bring in almost $540 million in sales in 2022, up from an estimated $50.5 million this year. They are also buying Alcanna in a stock deal. The board of directors of Alcanna unanimously recommends Alcanna Shareholders vote “FOR” the Arrangement Resolution. The Special Meeting of Alcanna Shareholders is postponed to January 7,...
Hi All, my main 3 take-outs from this analysis are the following: 1- Historical movements might be repeating themselves. Look at the three blue elyptical shapes and movements.. 2- 0.6$ might be the next support from where the price might be rebouncing 3- AFter the rebounce the price might have a spike as done three times previously in the past Not a financial...
Hi All, my main 3 take-outs from this analysis are the following: 1- Price is moving as per historical recent moves 2- Price is still within the falling wedge and should see a breakout (hopefully upwards) prior getting to the apex. But it might take still some time 3- By tday and tomorrow we might possibly see a rebounce from the 0.66-0.65$ levels, as also...
Probably my most important video update so far... Let's see hw the recent months mvements might help us to understand what the next move might be. In the meantime, price is just doing what it should, meaning covering the gap. Not completed yet, but we're close to it. Not financial advice, just personal opinion and analysis
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!
Sundial announced last week a share repurchase program! Program will commence on November 19, 2021 and expire on November 19, 2022. Sundial Growers can purchase a maximum of 102.8 million shares, representing approximately 5% of the company's issued and outstanding shares. Last month, Sundial announced the purchase of retail company Alcanna, which operates 171...
Its been a long time coming, shorts are fighting hard for this stock. the short interest is very high 275,000,000 shares. Weibull has no put a max buy limit of 7500 shares. The last time this happened was on AMC. the float is 115% bought 15% short 275,000,000 shares the company had a 20% good news spike on the purchase of alcanna liquor 171 stores making SNDL...
Anyone been following SNDL is a true believer. After massive losses for months, the conditions are ripe for a short squeeze. Very favorable earnings report, 300 mil shorts, lots of upside. This is a no brainer my fellow apes.