SNDL - bullish exit from Rising Wedge 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. Longby revilo1987Updated 993
SNDL a MJ penny stock in reversal from trend down LONGSNDL is shown on a weekly chart with a volume profile and VWAP band lines anchored back three years. Perhaps due to recent news of potential federal legalization or other catalysts SNDL is now above its pivot low. The EMA cloud ( periods 7, 21 and 42) is now green as lines converged into a zero slope and are now rising. Price is now approaching the first lower band line and will thus enter the fair value zone above the undervalued zone. A reasonable target is 7.0 where the POC line of the volume profile is confluent with the black mean VWAP line. The is more than 100% upside and will not occur quickly. Price may get spikes with marijuana-related news along the way. A sign the trade is going bad is if both the faster green RSI line and the slower black RSI line both go below the 50 level. The stop loss will be at 1.86 below the EMA cloud. Accordingly. the risk is $0.50 per risk. If only $100 is to be risked the trade can be 200 shares. Risk is off when price rises to $2.85 and the stop-loss is adjusted to the entry price. Beyond $3.00, the stop loss can be adjusted to a trailing 10-15% or the ATR. I see the last weekly candle as a Doji and so consolidation and price consensus making for a best entry.Longby AwesomeAvaniUpdated 1
#SNDLI am still positively believing that this can explode on a bullmarket. its been a while since we see this price action from SNDL. super tight consolidation below, C&H formed, tried to break out, but failed attempt bc it retraced back down. Now it made its pole, flag is forming. Just the right time for earningsLongby dreidman494
sNDl Finally getting some love. I’m loaded at 2.04 averge. I’m looking to add here around 2.15 or so. .382 fib on retracement from recent high to low bottom. This is looking like it has a lot of room to go. Prob 5$ at least before a major correction. These are the pull backs to load up on ! Longby Erictaylor222
SNDL looks strong, on the weekly chart we could see a run.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 $3 by next month and heads back to retest <1.50 (during next month) buyback will happen. by AlterEgo13128
SNDL, descending triangleWith the price breaking out the triangle side, the volume follows the buyers strenght with almost 5M shares traded on Friday. Waiting for the breakout confirmation.Longby AFCapital21335
Diamond Bottom??Not really sure but looks like a diamond bottom. My target would be over 3.00$Longby davy6095
Diamond Bottom?? Daily appears to making a diamond bottom. I'm very hopeful for Sundial long play. Longby davy609220
SNDL Breakout - Big upside potentialSNDL has broken out of resistance. Looks really good, but need a few more daily candles to firm up the idea and confirm the breakout.Longby SWRLSUpdated 448
Dialling in to Sundial Growers (SNDL)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 cash equivalents. This liquidity measure is a positive sign for the company's financial health. Furthermore, Sundial Growers Inc.'s price-to-earnings (P/E) ratio is currently -3.65. This low ratio suggests that the stock may be undervalued and presents an opportunity for investors to buy at a lower price. Market analysts estimate Sundial Growers Inc.'s fair value to be 0.36 at the moment. This indicates that the stock may have significant upside potential. Considering these factors, the trading idea is to buy Sundial Growers Inc. stock. The long-term moderate risk strategy focuses on companies with a low P/E ratio, low price-to-operating cash flows ratio, low price fair value, and a high cash ratio. With its current cash ratio, low P/E ratio, and potential for growth, Sundial Growers Inc. presents an attractive investment opportunity for those willing to take a long-term view and tolerate higher risk. Technical Outlook Sundial Growers (SNDL) bulls are eyeing a key resistance level at $1.60 as the next milestone if they can maintain their dominance. The stock is quickly approaching this level, with only 7 cents to go. A breakthrough could lead to further gains in the short run. In the latest session, Sundial Growers continued its 5-day uptrend by gaining 6.25%. Yesterday, the stock spiked higher to highs around 1.53 before market bears pushed the price back down towards 1.45. By the end of the session, it settled at $1.53. Sundial Growers has been trending downward for the last month. It currently has a market cap of $398.56 million. Yesterday's trading volume of 1.87 million shares was 84% lower than average. Key insights: Sundial Growers is just 7 cents away from a key resistance level at $1.60. Pushing above this level could enable the stock to gain more ground in the short-term. Sundial Growers made an initial breakout above its 21-day Simple Moving Average at $1.52, indicating potential for a new bullish phase. The stock is currently rated as "Neutral" by technical analysts.Longby NomolosAIUpdated 3
$SNDL Double bottom?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 higher high, in September, and now a higher low are encouraging for possible trend reversal. Longby mcmalloch2
most likely to fizzle down, but your over the 200 daybullish wedge, and bearish brooding wedge. If you go under 200 there's no recoveryby Quackbagz2
SNDL MAJOR GAINS TO BE MADESpring 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. Longby SynergyTradingSetupsUpdated 3317
UPDATE: $SNDL MOONSHOOTUpdate to the last NASDAQ:SNDL idea, I hope a lot of you bought in around $1.40 range. But fear not, still plenty of opportunity to jump into cannabis sector while it's at historic lows. Recent announcement via HHS of recommending lowering schedule of cannabis obviously helped, if the DEA follows suit expect another leap forward. Calls to late 2024 and early 2025 looking really, really attractive. MACD turning green for the first time in a hot minute is a great indicator of a trend reversal. Good luck traders! T1: 7-10$ T2:30$+Longby Teammongoose24
SNDL volume and price actionSNDL made an action with an alpha candle 10 days ago. Today it is bouncing back with volume as well. Potential upside. Stop loss 1.45Longby findalphas2
SNDL Long Options Position (July 21st)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 loyal customer base. The company has been struggling in recent years due to the COVID-19 pandemic, but it is beginning to recover. In the first quarter of 2023, SNDL's revenue increased by 83% year-over-year. The company also generated positive earnings for the first time since 2019. I believe that SNDL's earnings report on July 21st will be positive. I expect the company to report revenue of $100 million and earnings per share of $0.05. If these numbers are met or exceeded, I believe that the stock price will increase significantly. I am bullish on SNDL and I believe that the stock price could reach $2.00 by the end of August. If the stock price does reach this level, I will sell my options contracts for a profit. Risks There are a few risks associated with this trade. First, SNDL's earnings report could disappoint. If the company reports revenue or earnings below expectations, the stock price could decline. Second, the overall market could decline, which could also impact the price of SNDL stock. Third, the options contracts could expire worthless if the stock price does not reach $1.00 by the expiration date. Conclusion I believe that the risks associated with this trade are outweighed by the potential rewards. I am bullish on SNDL and I believe that the stock price could reach $2.00 by the end of August. If this happens, I will sell my options contracts for a profit. Please note that this is not financial advice. I am not a financial advisor and I cannot guarantee that this trade will be successful. You should always do your own research before making any investment decisions.Longby Odinstradingden7
SNDL Calls 1/24 JUICYLots 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 $5. Trading well below that. Federal legalization could set off a powder keg but don't count on that anytime soon. My last call didn't work out too hot, but doubling down because shorters can go ahead and eat my shorts.Longby Teammongoose27
SNDL LONG- A rising tide lifts all boatsNASDAQ:SNDL Cannabis Stocks are mostly all on uptrend today. See my other ideas regarding POTX and TLRY. Being priced low, more retail traders can enter this symbol which is speculative but is helped by sector movement as well as the market at large ( at least until the Powell Jackson Hole speech on Friday ) Shout out to Wolf of Weed Street ( Jason ) !!!Longby AwesomeAvaniUpdated 114
SNDL Stocksndl stock,sundial growers stock,sndl stock news,sndl stock analysis,sundial stock,stock moe,sndl stock predictions,sndl stock price,$sndl stock,meme stocks,sndl stock prediction,sndl stock update,sndl stock review,robinhood stocks,sndl stock today,alpha status stocks,sundial stock review,sndl stock price prediction,sundial growers stock predictions,stocks,stock market,meme stock,hcmc stock,sndl stock news today,stocks to buy nowby mrsickotrading3
Possible Descending Widening Wedge SNDLSNDL has been, along with the Canadian cannabis sector, in a long downtrend since June 2021. If you exclude the 2 sharp jumps in prices, the pivot points have been making a Descending widening wedge. This reversal pattern, in addition to the company's recent acquisitions and diversification of assets, may lead to both a sharp jump in price in the short term and an overall reversal of trend in the next year or two. Additionally, the US, Canada's bordering country, has a bill that will be approaching the Senate floor for the decriminalization of cannabis on a Federal level. The news of a vote on said bill will most likely be a catalyst to an increase in price prior to the actual vote; leading to a jump in price. Sndl is currently in a curing stage to increase it's stock price to $1 for 10 days within the next few months. The company also has a stock buyback plan yet to be implemented.Longby MissingCodex13
Next leg up to upper bound. Catalyst on 16th if earnings are positive and losses on their investments from Q4 are discounted as unrealized. Entry on the 17th possibly. Another catalyst like many equities it is currently selling at a discount of it's intrinsic value. Longby Nothing_is_given447
SNDL to 1.49Earnings Report + Buy Back announcement. Bots activated. 96 resistance, will not revisit support, 96 will be new support once it passes. Longby thereisnocoinUpdated 2212
descending wedge. bullish.swing trade for a 10% move, macd moving up, and rsi over soldby Quackbagz228