What's going on moon gang, let's do a quick technical breakdown of both tilray and sndl to get us ready for the weekend, so we're better prepared for the upcoming week. Obviously, two days ago, both tilray and sndl had an amazing day. Then yesterday both of them got absolutely slaughtered and for them today, then, to end out the week uh kind of muted, more of a boring day, but let's see what's going on from a technical perspective, so we're better set up for the upcoming week. Let's start off with tilray um that trades on the ticker tl tlry right now, it's trading at 29.

It lost almost 10 percent today, but thus far in 2021. It's still up 251 percent, and this week alone, even though it did have a rough day yesterday. It's still up 12.75 percent on the screen. Here you see these yellow lines, that's just areas of technical support and resistance.

When i say support it's just areas that the stock is bounced off of and resistance, just is just the areas that it's been rejected by so two days ago, in post market trading, it made a new high of 77 and then from there it kind of had A brutal sell-off um this morning it hit 28-27, which means it was down 57. The thing i want to bring to your attention from a charting perspective, this sell-off is known as a hangman chart. So basically, you had this green day um, which had a pretty tight, open and close and then from there a massive red date. This charting pattern is a bearish one and then that led to today, which was down another 10, but the one thing i really really want to bring to your attention is: what's going on in the rsi, so the rsi stands for relative strength index.

It just maps bullish momentum against bearish momentum when it gets high a lot of bullish momentum when it gets low. A lot of bearish momentum. As you can see, when there was a ton of bullish momentum closer to like above 70 that then kind of rolled over - and this was an abnormal sell-off. But typically when you see a lot of bearish momentum, you do see a period of consolidation or small decline.

Granted this one was pretty sizable, but it is just one tool that can help you make better decisions so anyway, tilray tlry is right now at 29, in the post market. But what i want to bring to your attention here is that the rsi was very much in the extreme oversold territory, at least on the 30-minute chart, and since then a little bullish momentum has been picking up. So what we're going to be looking for on tuesday is some follow-through from there if it does happen to break through this low from early this morning, which was at 28.27 that would theoretically open up more downside um. You could look at this previous resistance to turn to support, which is around 28, so not much more, but the main area i would personally recommend watching would be around that 24 to 22 area.

I think support will be found in there technically before there was support and resistance. So i'm hoping that, if do if things do get that bad, which i'm not saying that they have to i'm hoping that more buyers are stepping in there overall, in the short term, things are looking pretty rough for tilray the same for sndl as you're about to See but keep in mind that right now with the new political regime in the u.s, there is federal support for the cannabis industry. So i i would argue that both tilray sndl and even that etf mj. I think that they're, both good long-term, holds right now.

There just might be a rough patch, but hey look at that. Look at that as an opportunity to buy these things on a discount, so that was tilray. Now, let's go over to sundial growers pretty similar chart. Let me get rid of this.

We have those same technical levels of support and resistance uh. We also have the rsi on the bottom. So once again, this one made a nice pre-market high of 4.86. Since then, the low this morning was a drop of 63, which is definitely brutal once again, a charting perspective.

We have that same hangman chart um. This one is a little bit different in its technicals, though just because um. So it's up 84 percent on the week. So, which is absolutely phenomenal from the start of 21 2021 until now, it's up 340 percent, so keep in mind that these things are still up a massive massive percentage.

What i like a bit more about sndl uh relative to tilray, is the fact that today, it found a nice support at that key psychological level of two dollars, and it managed to close above that so tilray was actually showing weakness into the close. While sndl wasn't um, whatever happens on tuesday, make sure you're watching this day, intraday low of 193 and 175., that's only if two dollars breaks, you very very much want sndl to hold two dollars, create that new base and kind of pop from there, but below that We do have a nice support at 193. It bounced there today it bounced there two days ago. So clearly, some bulls are stepping in right below two dollars uh.

If we can make a nice new higher low off of those supports, i would look for a bounce. My first resistance, i'm gon na personally be watching would come at 220. That's where it found support yesterday and don't forget, support loves to become resistance and past that my first target would be kind of actually the high twos, but you can also quickly screenshot this. These are the price levels that the stock market has been taking interest in for sndl.

Once again, both tillery sndl, i am worried about them in the short term, there's been a lot of heavy selling, but in the long term i do think that they'll be proven to be winners. Let me know your thoughts on both tilray sndl in a in a comment below if you want to stay up to date with the moon gang. These clips and the live streams make sure to hit the subscribe button and turn on your notifications. You.