Grow Generation at some really interesting levels here. Currently in wave minor C of intermediate 2 of primary 5.
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Its in the golden zone between the 618 and 786 fb levels
Its about to back test the downtrend line
There's a large supply zone between 40.30 and 39.50 on the volume profile
Wave C is approaching the 50% extension of wave A
The setup is...
Chart posted 7-6-2021 approx 2:15 ET. I posted an earlier chart of GRWG (see link)- showing a target of 52.75.. I am now extending that to 57.50 due to this bullish Gartley that is making its way up as we speak. If you got in on the earlier call you are good- if not.. you may wanna get in now. Expect consolidation at the 52.75 target, but I am projecting higher...
Looking to enter GRWG long. It has broken the downtrend in RSI and broke out of a major downtrend while resting just above a smaller downtrend line. If it closes below the smaller trend I would consider exiting or either wait until it broke the major downtrend.
Chart posted 6-28-2021 approx 11:05am - The charts posted today showing bullish setup momentum. This one in particular is part of a strong bearish shark, but these patterns can often times fake everyone out and even gain BEFORE a possible move back down.. right now we are seeing that move. Its still early to see if it will go sky high... but this is a good entry...
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.
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:...
tight 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
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 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...
