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GRWG

GrowGeneration | GRWG | Long at $1.90GrowGeneration NASDAQ:GRWG is approaching one of my favorite technical analysis setups as it gets closer to my selected historical simple moving average (SMA: the white and teal lines). Often, but not always (i.e. public offering news...), the price will jump to the selected historical SMA after a long period of consolidation - which has been occurring for some time. Additionally, the President, CEO, and Director of NASDAQ:GRWG have been buying shares recently near $2 which is a bullish indicator. There are currently only 54.8 million floating shares and an 8%+ short interest, so this could get interesting if the election cycle whips up new interest/chatter about national decriminalization of marijuana. As a result, GrowGeneration is in a personal buy zone at $1.90. Target #1 = $2.20 Target #2 = $2.50 Target #3 = $3.00 Target #4 = $3.50
NASDAQ:GRWGLong
by NicksAnalysis
GRWG buy the dip!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 supplies. The company operates more than 30 retail locations in 13 states and is committed to providing high-quality products, expert advice, and excellent customer service to its customers. With a growing customer base of professional cultivators and home gardeners, Grow Generation is well positioned for continued growth in the hydroponic and organic gardening industries. TA: It is very clear we are under the 5year trend line. In 2018/2019 when GRWG was at these prices the revenue was a 4th of what it is now so even with the marco economic outlook uncertain, I think this is a great buying opportunity. These guys are growing at a healthy rate and there is still a large untapped market in the midwest that they are positioned well to capture. I've been watching more and more folks convert from alcohol to delta 8 products and it's only a matter of time before the feds decriminalize delta 9 sales. I think we will break above $10 by summer. If we test new lows I'd reconsider.
NASDAQ:GRWGLong
by lillybear
1
Longsetup for GRWGNASDAQ: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 can be interesting because there is a big potential in this industry. In a short term there is still the risk that the company is not profitable yet and the last quarter was weaker than the second. When cannabis companies set up their grow spaces, hydroponic systems are key to maximizing the yield of their plants. It also takes a lot of plant nutrients, grow lights, and environmental control equipment to keep marijuana plants happy and productive. And by selling all of these important products to businesses and consumers, GrowGeneration wants to make money. So it makes sense that if the cannabis industry experiences a downturn, the value of the company would take a hit. Trading Idea / Short term: Entry: Stop Buy at 6.92 $ Exit: Stoploss at 5.43 $ Target: 9.03 $
NASDAQ:GRWGLong
by tradevola
2
Long term investment in $GRWGI 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 is good atm, has cash and a PS of 1.21. Market Cap 509.50M Income 12.80M Sales 422.50M P/S 1.21 I have entered with a manageable position as this is the sort of play one may need to stomach a 50% move against the position without "frying the popcorn". If it falls further and I may consider adding. Risk is 1% atm. Want to thank @timwest for pointing out this stock.
NASDAQ:GRWGLong
by abail
$GRWG Volume Profile Indicates the End of the Bear Run is Near. Surely we are close to finding the buyers of GRWG? There was a lot of volume the last time we were at these price levels on GRWG. Though the growth is decelerating, there is still plenty of Growth projected for GRWG in 2022. According to 8 analysts polled, GRWG is expected to generate 531.24M revenue in 2022 which equates to a 1.74 Price Sales Ratio for 2022 based on a current market cap of $924.63M at the end of the day December 2, 2021. 2021 Revenue is projected to finish around $435 to $440 million which is a 2.1 Price to Sales Ratio in 2021. 2021-->2022 Growth Rate of around 25%. Compare these fundamentals to a Lowes or a Home Depot and figure out which is cheaper to buy right now. Past Volume and fundamentals are there for this stock to find bottom, but will it? Marijuana sector is very weak, so my guess is maybe GRWG must wait for the summer of 2022 for elections to get things smoking again in the marijuana sector. I have shares of this stock so maybe I am biased. Please share with me why I shouldn't buy more here?
NASDAQ:GRWGLong
by jleitzs
1
GRWG- BullishChart posted 6-28-2021 approx 11:05am - The charts posted today showing bullish setup momentum. This one in particular is part of a strong bearish shark, but these patterns can often times fake everyone out and even gain BEFORE a possible move back down.. right now we are seeing that move. Its still early to see if it will go sky high... but this is a good entry to get some of those gains before we see what the future holds. The target is marked. Set your stops.. and maintain profits!
NASDAQ:GRWGLong
by Moorsc0de
$GRWG Nearing A Breakout? Cannabis Sector Move?$GRWG Has had positive earnings and after holding the 200 EMA (orange line/Support) has bounced and broken downtrend. This candle held the break in downtrend, but I expect Monday we will potentially retest its resistance around 43.50 Positive Earnings from companies like $CGC and $HEXO in the coming weeks could help push cannabis sentiment, but GRWG does run by itself due to being in the lucrative craft of selling cannabis growing equipment and materials which is perfectly legal and doesn't have to go through a banking run around. Looking at 47.50 as my first target going into next week. Volume in comparison to previous sessions is low, and with that I wont be taking any sizable positions until I do. $GRWG trading requires high time frame observation in order to verify the price is still in trend, as it isn't a huge daily mover but does tend to gap up quite well. If we manage a decent run and market willing we could see $GRWG hit the psychological target of $50 Upon a break of $50 my first target will be 53.50 between June and August. $55 as a PT seems to be the consensus amongst analyst. I will be doing a video breakdown on this tomorrow. To go more in depth. I actually like the stock
NASDAQ:GRWGLong
by SimpleStacks
DOUBLE BOTTOM?? $GRWG Target 62.79 for 26.57% $GRWG Target 62.79 for 26.57% Or next add level is at 36.43 Double Bottom?? — On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average. I start every position with 1% of my account and build from there as needed and as possible. I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading.
NASDAQ:GRWGLong
by SPYder_QQQueen_Trading
1