Finally getting some love. I’m loaded at 2.04 averge. I’m looking to add here around 2.15 or so. .382 fib on retracement from recent high to low bottom.
This is looking like it has a lot of room to go. Prob 5$ at least before a major correction. These are the pull backs to load up on !
SUNDIAL GROWERS had a bullish break out of a wedge. Volume expanded outwards and converged on the way back to the puter line of the wedge. Now the ice line above 2 USD is tested before I guess it will go up to 8 or 10 USD the next months.
Weekly targets to look to
- $3.11
- $4.62
- $8.02
Zach mentioned he is willing to step in if stock doesnt reflect true value of SNDL. Believe there is a black out period till the end of the month, so I think if stock fails to reach a min of $3 by next month and heads back to retest <1.50 (during next month) buyback will happen.
With the price breaking out the triangle side, the volume follows the buyers strenght with almost 5M shares traded on Friday.
Waiting for the breakout confirmation.
In the past three years, Sundial Growers Inc.'s stock price has experienced a decline. While this may deter some investors, it presents an opportunity for those with a long-term investment horizon and a high risk tolerance.
Sundial Growers Inc. currently has a cash ratio of 1.81, indicating its ability to cover short-term obligations exclusively with cash and...
Interesting reaction at previous all time low from Oct 2020. The board have approved a new share buyback program. Arguably a low risk area to consider a long as risk can be defined easily below $1.38 (previous ATL). Has run up a lot today already so looking for entry on lower time frame pullback would be sensible. Trend has been down for a long time but recent...
Spring Backtest of old support after FAKE breakdown. Along with three rising inverse valleys.
This is a textbook play with a tight SL below the third valley and support.
Update to the last NASDAQ:SNDL idea, I hope a lot of you bought in around $1.40 range. But fear not, still plenty of opportunity to jump into cannabis sector while it's at historic lows. Recent announcement via HHS of recommending lowering schedule of cannabis obviously helped, if the DEA follows suit expect another leap forward. Calls to late 2024 and early...
SNDL Long Options Position (July 21st) - Bullish Trade
I have purchased SNDL long options contracts with an expiration date of July 21st. The strike price for both contracts is $1.00. I believe that SNDL is undervalued and that the stock price will increase after earnings are released on July 21st.
SNDL is a leading cannabis company with a strong brand and a...
Lots of downtrend, lots of uncertainty, but this one could play out to be a major lottery winner. Earnings report recently released was a mixed bag, but it remains the book value is somewhere around $5. Trading well below that. Federal legalization could set off a powder keg but don't count on that anytime soon. My last call didn't work out too hot, but doubling...
NASDAQ:SNDL
Cannabis Stocks are mostly all on uptrend today.
See my other ideas regarding POTX and TLRY.
Being priced low, more retail traders can enter this symbol which is speculative
but is helped by sector movement as well as the market at large
( at least until the Powell Jackson Hole speech on Friday )
Shout out to Wolf of Weed Street ( Jason ) !!!
