SNDL confirmed bottom with Classic Bullish Divergence

SNDL finally putting in a higher low. We got that Classic Bullish divergence and now it appears SNDL has backtested weekly support as support yet again at $0.46. The chart is saying we're going to get some sort of rally. Keeping the stop loss below that previous low around $0.40 makes sense when SNDL can easily go on a 50-200% streak in the next month or two...or it could fail. Keep emotions in check on these weed stocks.

Entry: $0.50
1st Target: $0.92
2nd Target: $1.10
3rd Target: Moon

Edit: Ignore the white line on the RSI, that doesn't have anything to do with my trade setup. The MACD is the classic bullish divergence.

評論:

SNDL is looking strong. I sold 33% of my stack. 50% gain in a few days is a solid enough move to secure some profits for me here.

評論:

Sold another 33% at $0.89 pre-market. I'll let the rest ride.