GrowGenerationThe Giant has awaken!!!GrowGeneration you have my attention!! $53 is a key level. I want it to break. There is so much hype in Marijuana stocks right now that Wall Street will short it after this mini bull run. This company is in its prime and showing alot of strength. The debt to asset is 19.64% I love it!! Quarter earnings have been nothing but good. Cash Flow is nothing but a uptrend. Balance sheet uptrend. Income statements pure uptrend. Seems to have all there ducks in order for legalization. I expect 1 more dip and we will be there to buy. Im hoping for this head and shoulders pattern to get a better dip. They belong to a ETF $CNBS which is goodby FreshfadeIsh111
good chartthe chart proves that everytime higher highs broken, the price will retest it as support and fly back. note the pull backLongby amjoe1
GRWG Continuation PossibilityAfter being rejected by channel resistance in previous instances, price has managed to break above and stay above this channel. Simple setup and channel target lines up with 1:2 aka 200% risk to reward ratio. Plan your trade and trade your plan!Longby USA_Capital_Funds2
GRWG - will it retrace again?GRWG is testing new highs, however it's still within the bounds of its previous retrace action. Watch for a bounce off the $50 high. Based on previous runs, the consistency of the extensions, rsi divergence signals, and retrace magnitude puts an ideal buy between $21-$26 if holders decide to take some profit on this run.by MasonEntricanUpdated 0
$GRWG - Looking Strong $GRWG - Is looking strong but is there more gas in the tank? Might run into earnings. Pot stocks are hot right now with increased legalization. Will look at this one in the upcoming week for a good entry. Longby SwingTechTraderUpdated 222
$GRWG MonsterIs this monster about to go full parabolic, or is it time to take profits? (5)=(1) here, but 1.618x(1&3)=$85...by Barkworth336
$GRWG - enjoy to $60Riding this one, similar to GTBIF, to $60 Buying at every dip Sell before earnings. Enjoy the gains Longby katblat0
GRWG looking promising, RL30 is still healthily upRS and OBV above EMA. RL30 is still slope up RL10 is up Enter tomorrow open ATR: 7.15 Longby boyuhou0
GRWG Wave 5GRWG has more leg for a final wave 5 push. The trendline has acted as support on multiple occasions and minor wave 4 finished a ABC correction into the shallow retracements. Breakout level at $52.50-$53 Longby Alpha_Trades206665
GRWG EH PORT ENTRIESThis is entries in one portfolio. Did very well on this TML (true market leader) in other trading accounts. Will list later. SEE NOTATIONSLongby Tea-TradesUpdated 551
GRWG:NASDAQ - GROWGENERATION - Shovels to the minersWith the increasing decriminalisation / legalisation / re-classification of pot in the US and potentially around the world with the World Health Organisation and the United Nations both onboard, pot stocks might enjoy a resurgence beyond just medical use. As consumer at home type recreational use grows (pun intended) GRWG as the largest hydroponics supplier in the USA with 36 retail and distribution centres could continue to benefit for quite a while yet. Worth a watch. Longby zAngusUpdated 226
great trend here for GRWG :)breaking out of its old trend channel and trying to go parabolic. potential entry here at 39 with stop loss at 35. price target 50! decent risk reward on shares with the right stop. notice how the RSI isnt too high too, this is a good sign. goodluck as always friends :)Longby Vibranium_Capital2227
$GRWGEntry price : 34.28 Fundamentals : - Sector: Retail - Specialty - EPS % Chg (Last Qtr): 100% - EPS % Chg (Previous Qtr): 100% - 3 Year EPS Growth Rate: 0% - EPS Est % Chg (Current Yr): 167% - Sales % Chg (Last Qtr): 153% - Sales % Chg (Previous Qtr): 123% - 3-Year Sales Growth Rate: 139% - Annual Pre -Tax Margin: 2.4%Longby paulopicaocapeloUpdated 3
GRWGFirst things first: Anything can happen... try to be objective as possible and play by your rules. Be confident. Now: It is slightly possible that this just goes up forever( I guess) and probably just as possible to have a dramatic drop. More realistically this stock is very strong and will continue this pattern of brief retracement and consolidation to an uptrend. It could break into a downtrend eventually if the market conditions are right. Regardless, I strongly believe a healthy reversal is likely. -Generally oversold conditions, and nearing various resistances. -On the daily chart, the last major drop was about 16%. -Nearing resistance points and meeting trendlines from previous highs. -Since the start of this overall rally, downtrends average about 20% loss. -Uptrends average about 60% gain. Wait for entry/exit signals if you are more aggressive and wait for confirmation of those signals if you want to be more conservative. -Possible resistance/ reversal at $44, $47-$49 -Possible timeframe of 7-14 business days *I'm always learning and open to different perspectives. Trade to your own discretion. * by forthatezzyUpdated 226
GRWG Top is NearTime to lock in some profits? It has been a killer ride, since I first discovered this at $7. Best play of the year! Congrats to all that followed me. This one worked out exactly as planned, which is rather rare... We caught the break out from $16-ish, and we played the entire ride up. I sold most of my position yesterday. It looks like she has another leg in her. I am likely to cash out everything, either when she drops too much, or when we get a higher high. New entries in January, I am sure. Happy holidays, everybody. Thanks for the hundreds of views, the 2 or 3 likes and the occasional troll. What a shit world we live in. by Barkworth4414
Cannabis Industry finds new GrowthBackground Although still illegal at the federal level, more and more states are legalizing the recreational use of Marijuana. There are 15 states that have legalized recreational use (included seven in the most recent election), 15 states that have decriminalized its use (you'll get a misdemeanor), and 26 states that allow some level of home or commercial growing of Cannabis. There is only one state that still considers recreational Marijuana. The democratic controlled house recent voted to decriminalize marijuana at the federal level, leaving it up to states to set and enforce laws regarding its use. Although the bill still faces challenges to pass thru the senate, it is expected that this action will happen within Biden's first term. Types of Cannabis Companies Many companies play more than one role in the Cannabis industry. You can break those roles into: 1) Cultivation - grow and process the cannabis plant. 2) Product Manufacturing - create products using Marijuana or Hemp 3) Agricultural Tech - produce and sell equipment and technology to help grow cannabis 4) Real Estate - Financial companies that lease land to cannabis growers 5) Consumption Devices - produce tools and products for consuming Marijuana products 6) Tech and Media - online services, advertising, sales Top Performers These are some of the top performers for 2020 in the Cannabis industry: GRWG - Agriculture Tech- 842.68% PW - Real Estate - 245% TCNNF - Cultivation - 177.03% IIPR - Real Estate - 148.50% GTBIF - Manufacturer - 139.59% CURLF - Finance - 102.12% CCHWF - Manufacturer - 88.96% GrowGeneration GrowGeneration is the largest retailers of hydroponic products in the United States and is engaged in the business of marketing and distributing horticultural, organics, lighting and hydroponics products, including lighting fixtures, nutrients, seeds and growing media systems, trays, fans, filters, humidifiers and dehumidifiers, timers, instruments, water pumps, irrigation supplies and hand tools. They make products that help grow Cannabis (and other less popular plants). Fundamentals Market Cap - 1.8b Last three quarters sales YoY +152%, +123%, +153% Last three quarters EPS - -0.06, 0.06, 0.06 Fund Ownership 41%, Management Ownership 14% Listed since December 2019 Technicals 1320% price increase since March lows 90% growth since 11/11 Earnings release 50d MA is 33% below the most recent close, very extended Broke into new highs last week 10d ATR of 7.6% is high Buy Point Buy Point: 39.10 10d ATR (x2.7) Stop: 31.07 (20.54%) Position Size: R4.87 (Small) This one will be choppy and requires a looser stop. It's better just to keep it in the watch list, waiting for a better entry. If you do jump in, use very small position size and pyramid up as the investment proves its working. Editors' picksby drewby43215959189
GRWG - Bull FlagPretty good week for GRWG up $5! Looking at Fridays chart 12/18/20 Chart it hit ATH @ $39.80. According to the chart it looks like we could run up to $42. Currently holding a $39 call 12/24 exp. MACD still looks bullish into weekend. Being quadwitching and a Friday there was a little sell off towards the end ($38.13) but in the last 30 min to market close we saw a strong recovery ($38.69). This tells me that the bulls are still in control of the market and may see a continuation into next week. With potential stimulus and legalization coming up I can see this easily 50+ by the end of next year. LMK what you see!Longby DarthTrador111
GRWG - Shallow Pull Back and Ride More?Looks like wave 3 of 3 is in. Looking for a shallow pull back to reload, then complete the impulse at any of the FIB targets before commencing with wave 4 at one degree higher.by Barkworth116