First off, what an ugly chart. lol. But a friend of mine asked me to take a look at (GRWG) GrowGeneration technicals. And after careful consideration, I told him I think it possibly had made a double bottom pattern this week. Technically that's a bullish pattern at this point in time, plus it's near it's 16 month low. So I'm going to take a small position and see how it plays out.
52 week high = $67.75 52 week low = $12.52
price levels on the 1day chart EMA200 = $29.31 EMA150 = $27.92 EMA100 = $24.92 EMA50 = $19.62
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
@growerik currently bag holding @24.73 avg. How long before this thing rocket out of here?
Options360
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@williamsa3311981, o man sorry to hear that. I just got in on a neutral position to see wassup. I don't have any other plans than that for now. My friend is very bullish at these price levels apparently. lol. I wish you the best of luck!
williamsa3311981
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@growerik, thanks bro...good luck to your friend. Thinking about selling!
Options360
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@williamsa3311981, did you ever hear about trailing stop loss % for shares? I would never hold anything that goes -5% from my position, but that's just me.
williamsa3311981
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@growerik, yea i know now. LOL This is my first year, so I made a lot of mistakes but learning. I tried to reinvent the wheel when I should of grabbed some apple or MSFT back in March and called it a day. Hoping the gains are better next year.
Options360
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@williamsa3311981, that's awesome you have learned a lot. That's worth it's weight in gold. 2022 will be a great year for you!