GRWG back to ATH?GRWG 2HR CHART Inv H&S forming on the higher time frames, nice down trend break and a retest of the downtrend breakout for a nice reversal to retest ATHLongby jUiCE_Trades6
GRWG Round DownGRWG is forming a rounding down formation beneath its moving averages. Waited for it to fill the range a bit before entering into this for the downside to 37.5. If it breaks the rounding formation and continues upward toward moving averages then this trade would be exited due to setup being void. Now that some of the range for the day has been filled i think downside can continue tomorrow.Shortby BBTrader290
Growgeneration earnings resultsGrowgeneration (GRWG) reported 4th Quarter December 2020 earnings of $0.03 per share on revenue of $61.9 million. The consensus earnings estimate was $0.06 per share on revenue of $60.9 million. Revenue grew 143.9% on a year-over-year basis. The company said it expects first quarter revenue of $86 million to $88 million. The current consensus revenue estimate is $77.88 million for the quarter ending March 31, 2021. The company also said it now expects 2021 revenue of $415 million to $430 million. The company's previous guidance was revenue of $335 million to $350 million and the current consensus revenue estimate is $367 million for the year ending December 31, 2021. New York State lawmakers have reached a deal to legalize recreational marijuana, lawmakers were finalizing bill language to be passed next week. "The Cannabis Law" legislation would create a new Office of Cannabis Management (OCM) controlled by a Cannabis Control Board, according to an internal legislative memo. Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. This is for educational and entertainment purposes only. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends... *3x lucky 7s of trading* 7pt Trading compass: Price action, entry/exit Volume average/direction Trend, patterns, momentum Newsworthy current events Revenue Earnings Balance sheet 7 Common mistakes: +5% portfolio trades, capital risk management Beware of analysts motives Emotions & Opinions FOMO : bad timing Lack of planning & discipline Forgetting restraint Obdurate repetitive errors, no adaptation 7 Important tools: Trading View app!, Brokerage UI Accurate indicators & settings Wide screen monitor/s Trading log (pencil & graph paper) Big organized desk Reading books, playing chess Sorted watch-list Checkout my indicators: Fibonacci VIP - volume Fibonacci MA7 - price pi RSI - trend momentum TTC - trend channel AlertiT - notification www.tradingview.com Longby Options360Updated 7
GRWG on watchI like GRWG above the box or on a pull back to the bottom of the box. It had a fairly wide 7 pt range last week but a strong close on Friday. A break of 56 could yield a move to 58/62/66. Stops would depend on entry. A break below the box would be negative and void the trade idea. Additional Info: I am an intraday scalper and short term swing trader of stocks & Futures using options and equity. I focus on high volume momentum stocks in strong uptrends. My time frame is between 5minutes to 5 days on most trades. I scale into positions and scale out of positions as my targets are hit. I always trail my stops after T1 is hit to reduce risk and lock in gains. If my post is on a Weekly/Daily/240M chart the idea is a swing trade. If my post is on a 60M chart or lower the idea is a day trade. Day trades can turn into swing trades if the stock is strong. All trades should be supported by market direction. Treat my posts as trade ideas and not signals. Traders must trade using their own back tested trade plan and rules. Traders must plan risk first and profits second. Additional Additional Info: If you use options to trade high IV stocks it is crucial to wait for some consolidation or a pull back. If you buy an option when price is stretched you will find that even when the instrument trades in your direction you will lose money because you will have paid too much premium. Simple rule = BUY options when candles are SMALL and SELL options when candles are BIG.Longby WadeYendallUpdated 6
$GRWG - IHS?Looking for some buy opportunities on this strong cannabis name. I set an alert for crossing up $46.50 to make sure the reversal happens on the pattern. I do not need to get the very bottom of the right shoulder. by katblat2
$GRWG Target 69.09 for 23.57% Or next add level at 43.03$GRWG Target 69.09 for 23.57% Or next add level at 43.03 I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading. Longby SPYder_QQQueen_Trading222
GRWG This is my expectation, based on the degree of this correction. I believe we have only just seen the A wave. Good money to be made on a B wave here. Need to assess as she goes. An impulsive bounce would make me reconsider.by Barkworth115
Growgeneration is looking juicy like steak!I think it’s going up. Peep the chart, do your own research on the company! Not investment advice.Longby primroseverglade0
Ignore the noise. Listen to the chartBroken through resistance and current using as support. If holds look for move 10-12% upby systemstech001111
GRWG Count confirmedRecently lost intermediate degree with the current correction. Primary 3 reached a whopping 3.414 primary 1. The .618 is at $28. by Barkworth0
GRWG --- bullish channel intact GRWG was right in the middle of the vicious sell-off the last week. Unfortunately, did move positively today with the other Weed stocks. Still very promising. Bullish channel. Good company. Earnings reporting early April. I expect a runup in March. Longby bkyleo17Updated 2
$GRWGNot entering yet, waiting to see how it reacts to support at 52.85. Has reacted very well to the MA 50 thus far so that is in play as wellLongby seekingvalue69Updated 0
$GRWG : Potential movement - ABCDE -$GRWG is my favorite Marijuana plays. My thesis for the upcoming weeks and I hope is holds. Support and trendlines look great. My concern is the stock might get sucked into a general market selloff in the near future.....And..... I am stoney bologna right now lol. Longby bkyleo17Updated 4
you need to sell the gear to grow the greenYou need to sell the gear to grow the green. As operations expand they will need new equipment's and replacement equipment to grow pot. This company will grow as well to meet that need. This stock in in teh habit of r dropping 20-40% and recovering so I hope I get some at 55,54,53 or so before moving higher. Longby altcoinnerd0
GRWGGRWG- if weed stocks pick up again this week, watch for GRWG to breakout and head to resistance here (~$68.00).Longby BullishBear08221
Grow GenerationCompany Overview: At GrowGeneration, we aim to be the best in Selection, Service, & Solutions. Currently we are the largest hydroponics supplier in the country with 46 retail and distribution centers. We carry and sell thousands of products, such as organic nutrients and soils, advanced lighting technology and state of the art hydroponics equipment used by commercial and home growers. We have strategic partnerships with the biggest brand names in the industry, and offer a direct to farm delivery service along with equipment financing. Our Commercial Team is armed with industry leading professional consultants that are here to help fully manage any size project. Each Commercial Account has a dedicated Account Manager, Customer Service Representative, and Quoting Specialist appointed to your company. The Commercial Team offers a one-stop shop for all your supply needs from seed to harvest, including turnkey facility designs, cultivation room designs, and on-site project consultations. Along with superior service capabilities, the Commercial Team is here to increase yields, lower production costs, and generally increase the productivity of any cultivation facility. Our website, GrowGeneration.com, operates as an Omni-Channel Ecommerce platform with 10,000+ products with available shipping around the country, along with a customer service team available to answer any questions and help make your grow operate as efficiently as possible. Detailed Analysis in Photo! Like, Follow, Agree, Disagree! What do you think? Will watch this for a week or two before making a decision. If I miss a move, I'll wait for another dip.Longby Redimere_913
GRGW Round upGRGW has pulled back and retested the 52 support level and held. It remounted with a green candle over the moving averages and made a second day push toward previous high. I suspect this may push again for a third day but may not reach quite the previous high, target is 66Longby BBTrader292
GRWG chased this on FOMOThis was a "what was a what the f%$@ was I thinking" entry. Got caught up in the pot stock craze. This was one that I traded on its original break out in August 2020. Has a good run back then. I guess I was feeling nostalgic. It has been a TML in this growing space. If this doesn't quickly move in my direction, I will sell and wait for another set-up. Have to go back to my rules: To not chase stocks. Wait for proper set-ups ie breakout on volume (with decent fundamentals) Longby Tea-Trades331
GRWG, Trading entry plan Assuming the market cooperates and we do not see a larger more significant drop, I still think GRWG can continue it's rally up to another base .... First, I expect some overhead supply which is likely to push us back down (labeled on chart) then I will watch for a healthy break up and engage . Let's see how it goes next week , if instead we see a continued downtrend , I will see that as a warning sign that a distribution cycle may be forming instead . But for now , I'm bullish . None the less, let's see which way the wind blows first and go with it... Good luck ~by NAK1987220