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Flora Growth Corp.

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FLGC trade ideas

Flora Growth Group Moving Up. FLGCA nice zigzag is forming here. Wave B is in play. Normally we do not trade Wave B, however no one drinks champaigne without a bit of risk taking. Statistically, we believe it is relatively safe to play Wave B is retracement remains <0.3 and fibtime is <.5. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
NASDAQ:FLGCLong
by Rykin_Capital
FLGC Breakout playFLGC is currently entering a pattern for a very bullish breakout. After nearly 6 weeks of extremely positive news, FLGC has fallen from $9 to $5; however, sellers are starting to get exhausted. We can see that the RSI rarely falls below 34 on the daily chart, with large spikes in price occurring at around that RSI level. This is a key observation, showing us that big money is acquiring MANY MANY shares in the $4.8-$5.2 range. Since the 34% spike in price on 9/24/21, the MACD has been green, despite large declines in price. This is due to the extremely low volume of sellers, which is a clear indicator of laddering by big money to, once again, acquire in their desired range. We can see from level 2 market data that the $4.8 to $5 range is almost impossible to break through by the low volume short sellers, which gives a lot of security in buying at this current price. Given some volume, this stock could run easily to the $8 range within a day. Recent analysts have upgraded their price target to $10, with other analysts already valuing FLGC at $11.5. On the fib retracement, we can see that the 10.3 range is a major fib level, which is interesting considering that the average shareholder price of the stock is $10.3. I can see a major resistance being posed at around that level if volume cannot cruise through it. The previous $8 support might become useful again if the price can reach around $9. I would be watching to buy FLGC in the coming weeks/days, if not now for a major bounce play.
NASDAQ:FLGCLong
by rayrraderstocks
1
$FLGC is gonna fall todayPupm&Dump trading strategy idea. $FLGC is rising too much today. The demand for shares of the company looks lower than the supply. This and other conditions can cause a fall in the share price today. So I opened a short position from $10,41; stop-loss — $11,00; take-profit — $9,22. Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy. If you like my content, you can subscribe to the news and receive my fresh ideas. Thanks for being with me!
NASDAQ:FLGCShort
by KozakHlib
2