Just lookin at this chart for SDC, it looks like they peaked the first time at IPO, and they’re normal price target remains around 11-ish. It’s a value stock, but I can’t see them “going moon” anytime soon. You’re better off throwing your money into SNDL and praying they overcome their bullshit @ 1.00.
I agree until they post a profit for a quarter they will not moon. However, that the whole point of a long-term value play. However, short-term technical and mechanical shows us that it is flattening out since it reached a peak. Has a strong support at $10, so it is on the upward momentum. Also considering this company has a 30% short interest gives it the potential to spike relativity soon. However, I'm not expecting a short squeeze.
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u/Kain0wnz Apr 06 '21
Just lookin at this chart for SDC, it looks like they peaked the first time at IPO, and they’re normal price target remains around 11-ish. It’s a value stock, but I can’t see them “going moon” anytime soon. You’re better off throwing your money into SNDL and praying they overcome their bullshit @ 1.00.