GRWG Range High| PA Range| Declining Volume| RSI Extended
Evening Traders,
Today’s analysis – GRWG – trading towards a technical location where a bounce is probable,
Points to consider,
- Price Action Corrective
- Range High Support
- Order Bock Confluence
- Declining Volume
- RSI Extended
GRWG’s immediate price action is trading towards its Range High that has technical confluence with an Order Block, allowing for a bullish bias.
The current volume profile is on a decline, an influx is needed for a strong bullish expansion.
The RSI is currently extended, a reversion to its mean is and bullish control zone is likely on the bounce.
Overall, in my opinion,
GRWG is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“Hope is bogus emotion that only costs you money.” – Jim Cramer
Today’s analysis – GRWG – trading towards a technical location where a bounce is probable,
Points to consider,
- Price Action Corrective
- Range High Support
- Order Bock Confluence
- Declining Volume
- RSI Extended
GRWG’s immediate price action is trading towards its Range High that has technical confluence with an Order Block, allowing for a bullish bias.
The current volume profile is on a decline, an influx is needed for a strong bullish expansion.
The RSI is currently extended, a reversion to its mean is and bullish control zone is likely on the bounce.
Overall, in my opinion,
GRWG is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“Hope is bogus emotion that only costs you money.” – Jim Cramer