Yesterday SNDL Closed Above Key Support Levels

Yesterday SNDL closed above resistance of $1.35 and the 50 day moving average $1.31. The upward trend continued today with above average volume.

Yesterday SNDL and other marijuana names had a great day up over 11% on 3x trading volume as de-scheduling speculation ramps up.

If the trend continues for a few days and breakout is confirmed we will break above a huge resistance level of $1.35 that happened once in mid May and again in mid June. We’ve also rocketed above the 50 Day Moving Average of $1.31. Both are big for technical support.

With de-scheduling news possibly around the corner SNDL could breakout hard if the momentum continues for a day or two.

Buy what you can over the next few days and weeks before it runs away. We’re trading at 33% of tangible book value after today. Next few days/ weeks could be huge!