How much GRWG can grow?Next upside resistance (target) is 52.20, after that 54.30. If it can stay above 47.30, it will continue upward move. If not, may find support at 44.30. Close below 44 upward move stalled.
GRWG trade ideas
GRWG: Take 1/2 Profits For +6.3%GrowGeneration Corp: Let the rest run and reduce closer to target range (49.00/51.00).
GrowGeneration Corp (GRWG)GrowGeneration Corp., through its subsidiaries, owns and operates retail hydroponic and organic gardening stores in the United States.
- The price is attempting to break out of a downward trend extending back to the peak of 10-February.
- Also, pivot and 50-EMA reclaimed.
- May see some consolidation before the trend change continues.
Provisional Levels:
Buy Range: $43.35/44.20
Stop: $39.90
Target: $49.00/51.00
Last: 43.97
6/18 $46 Call GRWGtight consolidation
enter when price breaks entry point and possible long signal
especially if MACD breaks zero
especially if RSI is 52+
option shown in title
long signal may not appear due to source code not being complete NASDAQ:GRWG
Trend Break out setup. Might be Wave 5.MACD crossover, divergence, and angle upward. CCI above zero and angled upward as well.
Breakout and pullback testing Trendline resistance.
TTM daily in Squeeze.
Risky move: Enter $43 and scale out at TP1 , TP2.
Conservative move: Wait for solid confirmation: MACD both cross above zero. Candlestick showing some bullish pattern.
$GRWG Nearing A Breakout? Cannabis Sector Move?$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
GRWG - Box & Trendline / Triangle BreakoutBox broke out as well as the trendline / possible formation of triangle also in a way
Targets as seen on chart
T1 being a resistance at 57 levels
T2 being top of triangle / trendline
$GRWG a Buy when it hits $47New support identified, and if it stays on an uptrend over the next two days, $GRWG is a buy at $47 on its way to test the recent resistance at $55 which should be a solid 17% gain, more with options. I used a Renko chart here to clean it up and more clearly show the support and resistance levels. I'm still learning, but I certainly love how clean and easy that chart is!
GRWG LONGThis is not trading advice interpret this idea at your own risk .
I see GRWG creating a support here and continue up
$GRWG Updated $55 Price Target, Will it Hit?Video breakdown on $GRWG after a successful Earnings and a raised price target.
$GRWG💲 2 minute view from looking this up to posting it Too tired to make this detailed please do due diligence prior to entry, I will update PRZ zone, trigger
+ you guys know the rules. Please do not say i only post updates:) I saw it in deep dive video i am doing and posted it, hope it helps
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??
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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.
ADDED to $GRWG New Target 62.79 for 26.57% $GRWG Target 62.79 for 26.57%
Or next add level is at 36.43
—
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.
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?
picks & shovels for quality ganjaNo position yet, sub $40 this thing is a strong buy IMO. It'll go through some churn this summer if the market re-prices, but then off to the races. Dips are an opportunity to put capital to work here, options for the pot stocks themselves. Grow Gen debt something to watch out for. New Mexico just legalized, the U.S. is hard & fast going to press the federal government as each additional state comes online. You can't buy marijuana grow equipment at Home Depot, so one of these Grow Gen stores will anchor that dead mini mall in your neighborhood. I live in Colorado, don't smoke weed, but there's a ton of CBD, hemp, pet options and use-cases by having this stuff legalized on the medicinal & recreational fronts.
$GRWG Setting UP! 4/8$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
