SNDL confirmed bottom with Classic Bullish Divergence

17 Mar 2022

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.

24 Mar 2022

Not

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.

25 Mar 2022

Not

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