Currently back near 2017 opening levels, this may be primed for a nice bounce. Chart looks really interesting for the long-term when looking at the monthly... Looks like a great zone to accumulate and hold ;)
www.growgeneration.com
www.sec.gov
Accumulation phase might be ending as GRWG and the weed stocks have a good day today.
GRWG offered a $6M market price buyback program yesterday and the TA looks great.
Target $5
On the above 9-day chart price action has corrected 97% since the sell signal printed in February 2021. A number of reasons now exist to have a long position, including:
1) You know why..
2) Price action and RSI resistance breakouts.
3) Price action prints a double with higher lows in RSI.
4) Strong bullish divergence. Lots of it.
5) No stock splits.
Is it...
Good steady growth despite the bearish years and sitting below long term trendline.
Purchased a bunch of new stores over the past 2 years too.
Target $8-$10 and beyond.
This one is a trade for the patient followers, as the targets are big with huge moves.
We are seeing a head and shoulders pattern, and are now waiting for the price to break the neckline, so we can take our short position.
The first take profit-level will give a return on investment of 29% while the second take profit-level will reward with 54%.
The target gives...
First off for summary:
Grow Generation is a leading retailer of hydroponic and organic gardening products in the United States. The company was founded in 2014 and is headquartered in Denver, Colorado. Grow Generation provides a wide range of products and services for indoor and outdoor gardening, including hydroponic and organic growing equipment, nutrients, and...
Strong Break out this past month
Over sold and below 5year trendline.
This is a solid company and despite a drop in sales the past year they are expanding into the midwest.
More good news coming from marijuana legalizations should send this stock back above it's trend line at some point.
Wouldn't be surprised if it doubled before summer.
NASDAQ:GRWG
GrowGeneration's stock is still cheap, and a new wave of cannabis legalization means the company's market will soon grow even more.
We saw a few short term calls with Strikepreis 6.5 $. So there can be another strong push in the next days and a breakout above 6.5 $. The setup below is more for a short swing trade. For a long term investement GRWG...
For those of you looking for a cannabis horticulture stock that's not Scott's Miracle Gro, look no further! Grow Generation is putting in a bottoming pattern and climbing back up its Fib retracement levels. I can't speak to how the volatility will play out but there's at least a 30% upside in the short term. Earnings could knock it out of the park.
GRWG is still showing continue growth, its a key business for urbanisation and lowing carbon emsissions
after a huge sell off I see a slight uptrend performing better than the nasdaq 1 Week +10%
already earning profits and rising margins
I have longed $GRWG as Cannabis/Food play. Due to macro fundamentals and the fact oil is heading higher(I strongly believe oil prices can still double from here in the next decade or so), growing your own food can be the way to go. Also, if USA legalizes Cannabis on a federal level, this stock can benefit from it.
The company financial sheet is sound and valuation...
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,...
TLDR: Based on Fibonacci retracement and the trend line created, I think we will see the bottom at $12.75 on Dec 17th (ish). $12.75 was the high on Aug 31 before the big breakout. Check out how the candles are moving in between Fib levels and touching the trendline on occasion.
Best of luck.
Not financial advice. Due your own due diligence. Have fun.
First off, what an ugly chart. lol. But a friend of mine asked me to take a look at (GRWG) GrowGeneration technicals. And after careful consideration, I told him I think it possibly had made a double bottom pattern this week. Technically that's a bullish pattern at this point in time, plus it's near it's 16 month low. So I'm going to take a small position and see...
