GRWG
GRWG Attempt at Bounce?Looks like a nice setup for a quick play, with nice .618 bounce and some seemingly easy diagonals. I don't see a triangle formation, but the lines are there.
Many different patterns possible here. Initial wave looks like a 5 wave move, but alternatively labelled as WXY. Nice .618 bounce, suggesting that we could see bullish continuation. I'm leaning to a C wave up, though we could get another 1-2 or even an immediate 3. The latter is the least likely.
Also possible, is immediate continuation to the downside. The C wave into .618 is not confirmed completed.
Here is how I see this chart, for those who don't 'see' EW...:
$GRWG Testing Confluence Support in Strong Trend PostureGRWG testing confluence support at log trendline and range level after guiding FY21 revs and EBITDA in-line and announcing acquisition of garden supply center in Michigan.
GRWG update 420 pump?$GRWG DAILY Chart
Holding uptrend line forming recent higher lows, possible reclaim of 50/ 20 day ema, 4/20 weed pump, marijuana legalization?
$GRWG Setting UP! 4/8$GRWG Setting up with a Symmetrical Triangle here on the daily. It has been holding around $50 for a week and today got a huge pop and is up over 12% for the day. Now slammed up against resistance I do think if we can Gap up above $56 we could see a retest of that resistance turned support and solid continuation to the upside especially with Cannabis News BOOMING!
I think on the flipside a rejection tomorrow would be fierce and possibly have GRWG back at its support around $44
GRWG- GROWINGA short analysis here of GRWG . We can see the formation of quite a bit of bullish activity- developing since Feb 2021 and earlier. The targets here are a result of multiple bullish harmonic patterns- culminating to create this deep bearish crab pattern. If the pattern completes we shall see quite a bit on gains about 40% as of the publishing of this analysis. Id expect a swift climb, followed by a retrace consolidation within the consolidation zone then upward rising. If the pattern fails expect it at the consolidation zone. CHEERS
$GRWG Target 69.09 for 23.57% Or next add level is at 28.27 $GRWG Target 69.09 for 23.57%
Or next add level is at 28.27
I didn't add today... just charting and targeting...
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 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.
GRWG back to ATH?GRWG 2HR CHART
Inv H&S forming on the higher time frames, nice down trend break and a retest of the downtrend breakout for a nice reversal to retest ATH
Buy HYFMI have wait admittedly in pain watching hyfm IPO skyrocket. This morning started a big long. Happy to add each, and any further dip, don't bother commenting shorts.
GL all....not much will be needed in three years!
Vertical growing and hydroponics will change the world for the better beyond canny flower!
$GRWG Target 69.09 for 23.57% Or next add level at 43.03$GRWG Target 69.09 for 23.57%
Or next add level at 43.03
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.
GRWG This is my expectation, based on the degree of this correction. I believe we have only just seen the A wave. Good money to be made on a B wave here. Need to assess as she goes. An impulsive bounce would make me reconsider.
GRWG Count confirmedRecently lost intermediate degree with the current correction. Primary 3 reached a whopping 3.414 primary 1.
The .618 is at $28.
$GRWGNot entering yet, waiting to see how it reacts to support at 52.85. Has reacted very well to the MA 50 thus far so that is in play as well
[TLRY] 2021 Cannabis Market Roundup: TLRY and APHA Lead the Way!Cannabis feels so meta sometimes.
TLRY leads a 10x market run and then collapses to the worst performing Cannabis company in 2021 lol.
Man APHA definitely getting the short end of the stick here haha but they'll all make plenty of money slangin drugs together.
Wish I had done a mashup like this a long time ago, lots of fun data.
Here's how I've been betting it:
1. APHA/TLRY (TLRY was my #3 before the merger)
2. CGC
3. ACB
4. OGI
I threw in GRWG and CLVR here too.
GRWG is the shovels and pickaxes of this Green Gold Rush.
CLVR a new entrant that looks promising.
I have some other minor stakes but these are the Gems.
TLRY/APHA leading the pack with OGI coming out of left field recently to supplant ACB and CGC.
With OGI finally blowing up, that makes CGC the best value play right now. At similar value, CGC much better company than ACB.
Lookin to pick up another load around $23-$26 and we're back on the hunt for that double top ;).
APHA and TLRY are priced pretty well here, OGI lookin pretty overpriced. Rest are underpriced.
GRWG chased this on FOMOThis was a "what was a what the f%$@ was I thinking" entry. Got caught up in the pot stock craze. This was one that I traded on its original break out in August 2020. Has a good run back then. I guess I was feeling nostalgic. It has been a TML in this growing space.
If this doesn't quickly move in my direction, I will sell and wait for another set-up.
Have to go back to my rules:
To not chase stocks.
Wait for proper set-ups ie breakout on volume (with decent fundamentals)
OGI (OrganiGram Holdings Inc)OGI is a Canadian Cannabis company. Covid slow down has obviously hurt the business for OGI . Ontario and other major provinces are now getting licenses out faster to people so this could provide a catalyst. In addition to this the blue wave, and NYC's Cuomo's positive comments about cannabis have me willing to take a shot on this. Monthly levels of interest are marked with green lines. Falling wedge in the process of playing out I am aiming for somewhere $3+ longer term.
$GRWG MonsterIs this monster about to go full parabolic, or is it time to take profits? (5)=(1) here, but 1.618x(1&3)=$85...
