SNDL - Sundial Growers: maybe a retracement prior exploding?

Hi All, my main 3 take-outs from this analysis are the following:

1- Price is moving within a descending wedge and a bigger trangle

2- Price has been rejected by the 200 MA and by a descending trendline resistence

3- We might see a retracement to fill in the daily gap left on Friday

Not a financial advice, just personal opinion. Do your own due diligence and good luck!

Note

Price is moving according the the analysis, aheaded to the gap covering at around 0.73$. I still expect a drop till that level. Please note that the monthly candle might close with a higher high and higher low, for the first time since months

FrancescoMerlettini

Le mie analisi tecniche sono potenziate dal Forecaster Terminal di Forecaster.biz. Ottieni il 10% di sconto sul tuo abbonamento con il codice FRAMER10. Scopri di più cliccando su questo link:

forecaster.biz/y/FRAMER10?coupon=FRAMER10

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

FrancescoMerlettini