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Sundial Growers SNDL legal marijuana will become parabolic ?Sundial Growers is a Canadian company based in Calgary, manufactures and distributes cannabis products to the medical and recreational market. Many American states are slowly opening up to the use of recreational legal cannabis and the interest of investors is growing more and more. Clearly as it always happens, there comes a time when many people realize the potential growth and start to buy, and the price literally flies, it seems we are in that stage but still in time to take a nice profit and not stay with the match in hand. This is when it seems analyzing the waves generated by Miracle Viewer an indicator that studies prices and volumes and extracts the market positions of the various players, in fact long-term investors have taken the title and are buying in large quantities. The advisor Market Miracle has generated a LONG input signal on $SNDL at the price of 1.3 USD with a target of 2.12, the potential profit is 63%. Analyzing the chart I imagine a price action like the one I designed, so fully entitled $SNDL could become parabolic for a while. This idea is based on a signal generated by the advisor Marketmiracle, down on this page you will find the link to the page of signals of the advisor that you can see for free without any cost or registration
NASDAQ:SNDLLong
by MarketMiracleAdvisor
4
$TLRY Target 21.97 for 26.19% $TLRY Target 21.97 for 26.19% Or next add level is at 12.65 I sure do love TLRY... Target is the same... let's do this... — On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average. I start every position with 1% of my account and build from there as needed and as possible. I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading.
NASDAQ:TLRYLong
by SPYder_QQQueen_Trading
1
$GRWG Nearing A Breakout? Cannabis Sector Move?$GRWG Has had positive earnings and after holding the 200 EMA (orange line/Support) has bounced and broken downtrend. This candle held the break in downtrend, but I expect Monday we will potentially retest its resistance around 43.50 Positive Earnings from companies like $CGC and $HEXO in the coming weeks could help push cannabis sentiment, but GRWG does run by itself due to being in the lucrative craft of selling cannabis growing equipment and materials which is perfectly legal and doesn't have to go through a banking run around. Looking at 47.50 as my first target going into next week. Volume in comparison to previous sessions is low, and with that I wont be taking any sizable positions until I do. $GRWG trading requires high time frame observation in order to verify the price is still in trend, as it isn't a huge daily mover but does tend to gap up quite well. If we manage a decent run and market willing we could see $GRWG hit the psychological target of $50 Upon a break of $50 my first target will be 53.50 between June and August. $55 as a PT seems to be the consensus amongst analyst. I will be doing a video breakdown on this tomorrow. To go more in depth. I actually like the stock
NASDAQ:GRWGLong
by SimpleStacks
HEXO DD - The Next Big Cannabis StockMerger Closes Q3 2021 Shareholders Proposal in August 2021 HEXO Acquires Redecan. www.globenewswire.com “Redecan’s unwavering focus on the consumer, along with lean operating principles and highly efficient automated manufacturing technology, have allowed us to establish a significant presence in the Canadian market,” said Redecan co-founder Will Montour. “We’ve now entered a phase where scale is key, and our complementary consumer bases, brand portfolios and distribution relationships can enhance financial performance.” Redecan brings leading manufacturing, automation and packaging capabilities, resulting in some of the most consistent, efficiently produced and innovative products in the industry. Its highly efficient proprietary pre-roll technology has supported some of the highest product gross margins in the industry. seekingalpha.com Redecan’s differentiated product portfolio includes top selling oils and capsules, and leadership in the pre-roll category. Key is Redecans best in class pre-roll automation of the Redees brand. redecan.ca Redees are the Hottest selling preroll in the Ontario Cannabis Store and always out of stock at the local cannabis stores. Redecan Failed Acquisition. Alta Vista was to acquire Redecan for 9.5 million in 2015 (before preroll advancements) Redecan had Previous Acquisition partners in the past including Alta Vista Ventures investingnews.com And this tiny cannabis company caught the eye of Bloomberg back in Feb www.bnnbloomberg.ca How Redecan quietly became one of Canada's biggest pot companies * Found by Rick Redekop * one of the biggest cannabis producers in Canada * doesn't really have a full-time CEO * Brother Peter runs production side as well as members of the Hill family, who are behind the Grand River Enterprises tobacco empire, joined Redecan's ownership group.  * Grand River is privately owned cigarette manufacturer empire * Redecan has no plans to tap public markets, despite getting frequent calls to do so "If you asked me two years ago, having this unlimited bankroll that some of these other companies had, I would have said, 'Yeah, we would [have gone public.' It would have been nice to have a little bit more money to throw around,” he said. “But I think having that big wallet kind of backfired on a lot of people." It’s important to understand Redecans history of finding the right deal. If Redecan doesn’t think the merger will work, I would expect a sharp turnaround in HEXO. Prior Pot Stock Merger TLRY ran up 172% over the next 30 days to its current support level after the announcement of a merger with Aphria. TLRY ran another 238% over 26 days during Jan and Feb Gamestop meme stock rally. Tilray Market Cap: 7.5B Shares 450M P/S 14.10 HEXO Market Cap: 875M Shares: 122M P/S 9.12 If Hexo can enter the US / EU markets It’s reasonable to speculate that HEXO can run to share price of of 16.50 (150% gains) over next 30 days similar to the 170% 30 day run Tilray and Aphria Merger. PLEASE NOTE - This is NOT FINANCIAL ADVICE! I’m NEW to charting, research, analysis and all aspects of the stock market and equities. These are only my random ideas to learn how to prepare my own long term investments through due diligence.
HLong
by SPYvsGME
CANNABIS STOCK IDEAHey guys, I would like to introduce you to an interesting cannabis stock, which has good potential from a technical point of view. Cannabis stocks should belong in every speculative depot :) The area could currently represent a closed wave (4). So now there is the chance to trade an impulse. This is not a swing trade or day trade, but a long-term idea for your portfolio :) The scenario would no longer be possible if we fell below 15.32. The safe type can also wait for the chart to reach 23.30. If this level is exceeded, my scenario is 70% applicable. I personally dare to start at this level. I put an SL under 15.32.
C
by TizTrader
1
#SNDL - Weekly showing strenght and reversal signsIf we look at the weekly chart, I identified two main reasons why I consider 0.7$ being the bottom and why I think there are good chances that we can see higher levels soon: 1- Previous week candle was a piercing line candlestick pattern, with the opening below the previous candle close and with the close above the mid-body of the previous week 2- The price is reacting strongly with high volumes at the 0.72$ level, which is where most of the institutionals have their average purchasing price In addition to this, just to estimate where the price might go by the end of this week, let's have a look at the average true range of the last 3-weeks: the price had an average extension from low to high of approximately 0.13$. This means that, starting from the assumption that the week will be a positive one, and having the low of the current week at 0.715$, this means that the price might "potentially" extend its movement up to 0.845$. This is pretty realistic and we of course hope that this will be just the beginning of the trend reversal. Also, in the H1 chart, the head and shulder pattern that I shared few days ago, is going to complete its formation attacking the 0.795$ resistance level soon.
NASDAQ:SNDLLong
by FrancescoMerlettini
$TLRY Target 21.97 for 26.19% $TLRY Target 21.97 for 26.19% Or next add level is at 12.65 Oh snap... cannabis stocks are on the move today... — On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average. I start every position with 1% of my account and build from there as needed and as possible. I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading.
NASDAQ:TLRYLong
by SPYder_QQQueen_Trading
5
$ACB Target 13.85 for 29.927% $ACB Target 13.85 for 29.927% Or next add level is at 7.47 Aurora moved to Nasdaq so I'm just updating my chart here. No add just chart. — On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average. I start every position with 1% of my account and build from there as needed and as possible. I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading.
NASDAQ:ACBLong
by SPYder_QQQueen_Trading
2
#SNDL - Weekly chart piercing line patternThe end of the week is showing a reversal candelstick pattern: the piercing line. In fact, the week opened below the closing of the previous week and it closed abive the mid-line of the previous week. This indicates that bulls overwhelmed bears this week. Moreover as you can see from my latest idea, there is a reversal head and shoulder formation in the H1 timeframe, with neckline at 0.795$. I am extremely confident that this line of resistence will be broken next week and the bullish trend reversal will start
NASDAQ:SNDLLong
by FrancescoMerlettini
#SNDL - Fun has finished for bears. H4 showing reversal signsLong story short: H4 chart is shwing a H&S reversal pattern which will be confirmed in the next hourly sessions, by breaking the neckline at .795$. In my opinion there are good chances to see a runaway gap above this level tomorrow FRI 20th. Target for this technical pattern is 0.92$, while 0.85$ is the target for the green channel that you can also see in the chart. Longer term, next target will be 1.4$, which is the falling wedge target in red. After that level is reached.... only highways.. Good luck! -- THIS IS NOT A FINANCIAL ADVICE --
NASDAQ:SNDLLong
by FrancescoMerlettini