I'm still considering this count to be valid. If this loses the MA20 daily, it will likely trigger deeper consolidation.
What drove this bounce? Shorts? Bulls waiting at support? If you bought the dip, then congrats. Today, I would like to see it regain the hourly MA21 for continuation. Alternatively, a retest of the lows at the .618 of the bounce. A typical wave 2 target. Potential upside target zone $39 - $51. First confluence at $39.
Lost the MA8 daily yesterday, looking for some healthy consolidation?
Weighing both impending federal policy changes and strong fundamentals, GrowGeneration (GRWG) looks like a promising cannabis stock to buy & hold. With an incoming Biden administration, federal cannabis decriminalization will happen, paving the way to allow banking institutions to service the industry. While GRWG doesn’t operate in the agricultural or...
Video breakdown of $ACB going into tomorrow 11/1
One of the toughest charts to count, was GRWG's sideways action after the spike, earlier this year. Currently at an upside target where confluence suggests the possibility for a top. Chart suggests we're in a primary wave 3, though maybe looking for an intermediate wave 2 here soon. I'm staying long this asset, but will accumulate on proper dips.
Looks like a 4th consecutive green day for $GRWG - Very Bullish on daily and weekly.
With no resistance past $25, where is the next stop? $30? When do we reach it?
BREAKING DOWN $GRWG. What tomorrow could look like and the months ahead!
Check this set up and get in if can!!! EMA cross overs are my fav!
I love this stock so much and I took the trade at 11. Looking at them now they are primed to beat earnings with expansions happening nationwide following states legalization . Because they are a regular company, then are not effected by the lack of legalization because they've grown into what is given and can only benefit from legalization. They did well on...
Very nice price action, but since the parabolic spike, most of it looks corrective. I've taken a good deal of profits, but decided to play earnings with tiny position, just in case we get a FOMO spike. Without any disruptive events in play, which means under normal circumstances, GRWG would look to a decent move to the downside, which would be a minor correction...
So I have a Solid pick in $GRWG $APHA is a great buy right now at the price and with the potential $GWPH is a LONG hold. And strictly equity. I will be adding at key levels. I Dont disregard the favorites like $ACB $CGC and others but I think that these offer potential as well. GWPH perhaps I am biased on because ive been watching this company for a while, but...
I LOVE this company LONG. Unfortunately this is the perfect place to buy and the sketchiest place to buy. With a possible Biden win, cannabis stocks like this one will soar. Two things in GRWG's favor in the mean time is the possible legalization in 5 states. Also, earnings coming up is expected to be a good one. So if we hit all three. Biden win. Earnings hit....
Volatile as ever, still a really good asset with a lot of potential. My bullish count is still valid. If we lose the .618 here ($17), a test of $16.37 is next. If that goes, I will consider this alternative. I would assume that we would be in a bear market if this scenario plays out, which, since yesterday, seems likely.
Count confirmed by $22.88 resistance. Targets $25 and $32 before a more significant correction.