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Is Sundial Growers stock a good buy in December?

Is Sundial Growers stock a good buy in December?
Ansh Rathod
Nov 30, 2021, 11:44 AM
  • SNDL has given up all its gains from the rally seen earlier this month.
  • Investors must be cautious and avoid any long entries until SNDL is able to break back above $0.64.
  • If a long entry is taken a target of $0.75 can be set, followed by $0.83.

Shares of Sundial Growers (NASDAQ: SNDL)  were trading over 3% lower as the selloff got deeper on Tuesday. SNDL rallied by over 40% earlier this month where it surged from $0.6 to almost $1, however shortly after the rally selling volumes began to rise. SNDL has fallen by over 35% from its high this month, however, this may not be the end of the sell-off. SNDL is not showing any signs of reversing and is looking weaker by the day. Will SNDL make a comeback in December?

Here is what the charts are pointing towards-