We got an SNDL WigglerA lot of recent price fluctuations to as before and small candle sticks and long wicks. I'm looking to close a position around the 3 dollar mark which we may see next week. Who knows!!
SNDL trade ideas
SNDL: SUNDIAL waits for an attention!While whole attention is on Nasdaq and Bond Yields, SNDL lost its momentum and actually got close to 0. While Volume stays at above 100 million, lack of momentum and low volatility (ATR) keeps SNDL form rising. If SNDL has some fuel left to rise, in our opinion it will happen parallel with NASDAQ's rise. Nasdaq and whole market needs to get back to normal for people to get their attention back to SNDL.
This is our personal opinion and please don't hesitate to share your ideas with us!
SNDL - a leap option ideaThis trade has two legs.
The chart is ugly.
Sell a cash secured January 2023 $4 strike leap and collect $3.40.
Use the cash to buy GGN at the current $3.40 ask and collect 22 monthly 3 cent per share dividends and reinvest the dividends in GGN.
Assuming GGN continues to pay the 3 cent per share per month dividend for the next 22 months the stock is essentially free at any price. this is the primary risk factor in this two way trade.
GGN trades upwards dramatically on Mid Eastern oil concerns. trading up to $4.20 last year when the Iranian General was killed. It is very liquid. The caveat is to watch the November anticipated 2022 distribution declaration. It is wise to be out for a brief period anticipating the declaration. The dividend is declared for the next three months and is anticipated to be the same for the remaindefrf of the year. Assuming the 10% plus dividend on the cash received and the cash securing the put the stock when put to the put seller at any price is essentially free.
SNDL has the cash on hand from the recent secondary offering of $74.5 million to survive two years at the current burn rate. In addition, there were warrants in the secondary offering. An acquirer logically would own these warrants as an entry point for a potential buyout iin a fast consolidating industry.
If bankrupt in two years the common would logically trade OTCBB at the usual 25 cents for additional downside protection.
Athis is an oil gold volatility hedge combined with a potential buyout opportunity with the stated risks.
SNDL$SNDL- weed play- bullish engulfing pattern off support of the recent downtrend, back above the 200 day SMA. If this breaks resistance of the downward channel, can be looking at $2+ by April.
Still awaiting reentry for Sundial SNDLIt's sort of at a tipping point and I don't think it has the strength to tip upward.
I will probably make a partial reentry anywhere in the circle, then wait for more information. I have it going as low as $.94 but I won't wait that long for my first reentry. If it gets to 94 cents I'll go hard. With legalization on the table, it may not dip so low, but remember that any time a stock makes a really big run, there are a lot of shares out there in the green. Most people like to take profits at some point or another. It's only March, this stock has a long year ahead of it and a lot of time to reach $7 or higher. For now that's my expectation but I'm not rushing back in yet.
Oh yeah.. IF it rides above the rising trend line I will have to watch it like a hawk in case it decides to go on a run. I'm not confident in that, but I acknowledge the possibility. I still don't think we are in emergency mode yet. I think we still have this week and maybe next before we start missing out on runs. Later this week we might see some early surges so I think we just need to "stay calm and due diligence" (trademark).
Discount shares on SNDLAs of working on this chart price hit $1.02.
This is my 5th post with SNDL. Left previous indicators and anded new prediction for End of March. Lets see if we can keep predictions here going strong!
You know the drill. Get your discount shares.
Good luck!!
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72% slippage in 7 days, what next?SNDL slipped 72% in 7 trading days! usually we see another try after such rapid moves! Let’s see if it’s happening or not!
Potential gain:30%
Reward/Risk:2.5
Timeframe: 1-2 wks
I always try to present the charts in a simple comprehensive format to prevent any confusion.
This is just my technical view, neither a fundamental comment,nor a recommendation to trade..!
Please review my track record and calculate the odds for yourself..!
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Stay tuned great live stream and quality content videos coming soon..!
SNDL Possible LongIn my strategy analysis I identify an opportunity for Long position in SDNL.
In 10 days possible 100% income
Tokenized Online Equity Offerings Convertible Into Apple CoinIs this what crypto has always been about: private internet currencies?
This was actually predicted by a top citigroup executive in 1996. Yes, more than 20 years ago, UUUUU predicted that the internet currencies of the future would be similar to the private currencies of the 19th century. This was when banks-- and even companies sometimes--issued their own private notes, signed by the chairman, and engraved with the company logo.
In the not too distant future, it seems likely that large corporations will create their own online means of exchange.In fact, promissory note offerings could even one day be replaced by coin offerings, but that's just speculation of course.
A cryptocurrency would theoretically solve the problem of trust, and inflation that naturally exists with any private currency, as it would be operated on a public ledger for which new coins would be restricted from being issued by an algorithm that is built into the coin. This algorithm could even be overseen by an independent board of governors, similar to the how the Federal Reserve system operates today.
Companies may even soon begin bypassing the standard equity offering approach used by most public corporations today, and adopt something similar to an initial coin offering...
"Will electronic money resemble the banknotes circulated in the U.S. free banking period? Walter Wriston, a former Chairman of Citicorp,
and others have suggested that money used for transactions on the Internet may resemble nineteenth-century
banknotes more than it will today’s money."
--"Wildcat Banking, Banking Panics, and Free Banking in the United States", Gerald P. Dwyer Jr., Federal Reserve Bank of Atlanta
"In the 1800s, for example, much of the country’s paper currency consisted of notes issued by private banks. Nowadays, commercial banks don’t print their own notes, but they create money just the same—in the form of checking accounts. People and companies other than banks have also occasionally seen the need to create their own forms of money."
--Cleveland Fed
SNDL rising up from the dead?Look at the chart. I really trust and believe on bounce plays. Even with this bearish market, sell off correction or whatever hell where into.
RSI bounce at same level 3 times. and i firmly respect FIB LINES. been on consolidation for awhile now. as well all know or i mean me and my time, SHARP DROP = SHARP RISE. SNDL has a good news of about shares being added up (look at webull news) and then earnings will be released on 17th. i dont know, i am holding strong and will continue to add up til it pops :D good luck to all
Sundial Growers - SNDL - Nice entry at $1 or lower?Sundial Growers - SNDL - Nice entry at $1 or lower? At $1 or lower we could see a potential 4X or 5X. The greater the potential return if entry is sub $1. We will see? Not Financial Advice.
$SNDL Buy signal! looking meow meow style 😊research the stock. check out my chart. I am hodling
not trading advice
SNDL to follow the pot stock train?Similar to my HEXO analysis, if SNDL follows the trend this could be a nice bet.
Due the lack of fundamentals, I still prefer APHA first and TLRY second for the long term and with huge potential as cannabis industry is denifintely positioned in a good spot.
SNDL: Key Points we all must keep in mind!Hello traders and investors! Let’s talk about SNDL today!
In the hourly chart we have a clear congestion , as SNDL moves sideways, the 21 ema is flat, and with no clear trend. We have a resistance at $ 1.64 and a purple trendline, and both may work as resistances in the future, if SNDL tries to engage in a bull trend.
The support level at $ 1.32 seems to be quite strong , as it was retested multiple times last week. Only if SNDL loses this support level we would see a sharper pullback.
Now, the daily chart will offer us more clues:
The thing is, SNDL dropped a lot since its all-time high, and the volume decreased as well. We must see the volume increasing again in order to fly again. What’s more, we need a strong bullish candlestick pattern to reverse the trend for good.
Meanwhile, if it loses the support level mentioned before, the green line at $ 0.95 is the next target to work with . It was a previous resistance level, and it is supposed to work as a support next, according to the Principle of Polarity of technical analysis.
But let’s bear in mind that SNDL spends most of its time moving sideways, and we can’t be surprised if it keeps doing nothing meaningful for several weeks from now, just like it did in the past. But since it is in a bull trend, we can assume it’ll explode upwards at some point, we just don’t know when.
Either way, with a good risk management everything is possible. And remember to follow me if you like this analysis! And support this idea if you liked it!
Thank you very much!
$SNDL 4h Seller ExhaustionSell volume dying down on $SNDL.
MACD is showing this seller exhaustion play out.
RSI is basically flat for recent history.
A rebound would be played cautiously, as it could be possible markdown bounce.
range bound for now in my opinionprevious resistance is acting as support here, we could see another bull rally after 1.8/2.. but I wouldn't bet the bank on it. most likely this stays range bound for a few months before heading higher. better plays out there for now!! like apps ;)
