Falling Wedge Breakout - TA, FA, PA looking great
What a year from Green Growth Brands thus far: a deal with multiple mall operators (including SPG), and now a deal with Abercrombie & Fitch to bring their CBD products to 160 stores.
- From a fundamentals perspective, this brand is as disruptive and prominent as they initially appeared to be
In my opinion, price action has not caught up to how much this company has already accomplished. With the recent deal with Abercrombie, we can see a tremendous increase in volume in the past couple days (typically a precursor to price volatility). Additionally, we have successfully broken out of a pretty long falling wedge.
I have entered a long and will be taking some profits at the POC line (yellow dotted line), and will be leaving some capital in this ticker for a long time as well.
Personally, I see this ticker hitting double digits within a couple years.
- From a fundamentals perspective, this brand is as disruptive and prominent as they initially appeared to be
In my opinion, price action has not caught up to how much this company has already accomplished. With the recent deal with Abercrombie, we can see a tremendous increase in volume in the past couple days (typically a precursor to price volatility). Additionally, we have successfully broken out of a pretty long falling wedge.
I have entered a long and will be taking some profits at the POC line (yellow dotted line), and will be leaving some capital in this ticker for a long time as well.
Personally, I see this ticker hitting double digits within a couple years.
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