GRWG benefits from VP debate and recent polls, as increasingly likely Biden plan is to decriminalize pot at the federal level. Shares seeing a recent range break, but remain inside of the larger pattern. Would help to see a break back above the $20 level to line up the retest of August highs.
$GRWG currently in an uptrend channel, the cannabis market looks like it's heating up again. If we open red next week I will be looking for an entry around $15.50, otherwise, I will be looking for a bull break of the up-trend and followthrough to the set PTs.
This is a textbook symmetrical pattern. I have traded this stock before and I do like how it moves. If market conditions are good in the morning I would think about buying this one. The point of control for the range this triangle is
in is about $15.89 so if I were to buy I would set a stop limit a little under there so you wont get faked out. Solid chart all in...
$GRWG is showing a fantastic flag that is staying very bull weighted. It's likely that buyers will want to continue this rally up from here. I would love to see a fake-break low to dip in to entry zones for buyers to push back up to highs.
Even when the big indexes are sliding, a handful of growth stocks with their own stories can rally. Cannabis play GrowGeneration may fit that bill.
The seller of growing supplies like hydroponic equipment exploded higher last month on the heels of a strong quarterly report. (Revenue +123 percent, same-store sales +49 percent.) It’s pulled back and consolidated...
