The 50-day-EMA is acting as much-needed support.
50-EMA is giving SNDL enough time to catch up to the Ichimoku cloud for a potential blast off into the rocket ship territories.
With the recent price gap in the chart now fully filled we can look ahead towards meeting the Ichimoku cloud at some point during Friday's trading day.
The short term price target is at $3 as long as we stay above the 50-EMA
BULLISH
*THIS IDEA IS VALID AS LONG AS WE ARE ABOVE THE 50-EMA*
50-EMA is giving SNDL enough time to catch up to the Ichimoku cloud for a potential blast off into the rocket ship territories.
With the recent price gap in the chart now fully filled we can look ahead towards meeting the Ichimoku cloud at some point during Friday's trading day.
The short term price target is at $3 as long as we stay above the 50-EMA
BULLISH
*THIS IDEA IS VALID AS LONG AS WE ARE ABOVE THE 50-EMA*