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Vince
Dec 15, 2020 7:24 PM

GRWG Breakout of Bull Flag Long

GrowGeneration Corp.NASDAQ

Description

This stock has been moving higher and looks great. Due to the spread on options, I purchased 100 shares on a bull flag breakout. I have set alerts. The company sells products in the marijuana industry. Will keep eye on it, seems like a growing area and may turn out to be a long term investment opportunity...will continue to study it but for now target is about $18 higher from the bull flag. MACD is not confirming so a bit more risky and volume not huge here as of today. Could be fake out - on scale of 1-10 ...it is a 6 breakout vs a higher point so more risk possible.
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