SMG 100% return in 2 yearsConsistent 25 year growth channel with a triple bottom
Fundamentals still good and SMG will correct.
goodluck.
SCQA trade ideas
LONG SMG 041824I like Scotts Miracle Grow here, for the longest of times I thought they ran a monopoly on the garden business , I worked at a hardware store in mid 2000's and the brand is well known and recognized by all.
With the continued consolidation at this level , I'd like to give them a chance and make the trek higher to reach $75 per share before resuming the sell.
Take long next 2 weeks or setup an alert to short that zone.
Happy Trading,
SMG- it's spring time for SMG to make some green LONGSMG has good reason to trend up- the spring brings out consumers looking to get their lawn
off to a good start and the rise in marijuana stocks on the run-up to April 20th and the recent
legislative catalysts in Germany and Florida bring Scott's into focus as cultivators often use
it in their soil-based and hydroponic grow operations. The indicators show price momentum
and adequate volume to support a move higher. The predictive algorithm forecasts that move.
I will take a long position here targeting 86, the pivot high of 11 months ago.
$SMG possible bullish turn around Not financial advise.
Let's see if NYSE:SMG can turn around and hopefully follows the trajectory of this Fibonacci uptrend.
bullish scenario we break the yellow line around $90 for continuation but if it crosses the solid red line will invalidate the trend.
# NYSE:SMG #like and #subscribe
Thank you!
July Trades (SMG, account up 5.09%)1st day trade in July is NYSE:SMG .
Account is up 5.09%.
Total return in July is 5.09%.
SMG Gap UpScotts Miracle Grow is up +7% and trading above $70 after a gap up this morning - trade was initiated last week on the falling wedge breakout. Gaps tend to get filled so I've adapted to the price action and moved my stop-loss order up to just below today's candle at $68.45. No way to lose money on the trade now if price reverses, upside target remains near $80.
Lower PPO and TDI indicators are still reading bullish and increasing in their bullish trends.
Buy Price: $64.34
Stop-Loss: $68.45
Take-Profit: $80-ish
Gain on trade if I get stopped out at $68.45: +6.3%
Gain on trade if price reaches the take-profit level near $80: +24%
SMG Falling Wedge BreakoutThe largest player in cannabis without having the risk/exposure to the schedule 1 plants and cutthroat competition in the sector, SMG, has broken out of a falling wedge pattern with lower PPO and TDI indicators that are close to turning bullish.
All eyes/ears are on the Senate as a vote on Safe Banking for the cannabis sector is expected this month.
businessofcannabis.com
If approved this would clear a major hurdle for the cannabis industry for both long-term growth and the path toward federal legalization.
Currently long with an entry price of of $64.34, a stop-loss at $60 and a take profit at $80. Stop-loss and take profit levels will remain adaptive to price movement.
SMG LONGSMG will be back above $100 by EOY
Update on my position from the winter.
A return above the longterm trend line seems like a sure bet. Was hoping it would happen by summer, and it does feel like we are preparing for the next leg up. Either way SMG has good fundamentals and is on sale right now.
SMg This is looking setup for a sweet push in coming weeks. Double bottom rocketed smg off the bottoms. Nice pull back and basing on previous double bottom. Let’s see how this plays out but id be buying shares or calls far out at least should hit 90$
Scotts Miracle Gro has 80%+ UpsideWeekly Timeframe Cup & Handle Set-Up. Looks like it's right out of a textbook. The set-up is that clean and we are just in time before it launches for a very low risk/high reward swing trade.
Cup Height: $ 45
Price Target: $ 130
Current Price: $ 71.47
130-71.47 = $ 58.43 upside
58.43/71.47 = 81.8% upside potential
Scott's miracle grow LONGTrend line since 93 on the monthly.
Clear as day repeat of 2008 dip.
Back to ATH by 2025 EOY
If federal marijuana legalization doesn't send it earlier. ;)
Will be adding monthly until it breaks $100.
Happy trading.
Scott's Miracle Grow WILL GROW!SMG strong buy ratings and solid financials make SMG a good Long Term Buy. The cannabis industry is helping build it's revenue from critical fertilizers and other materials that are it's core business. I honestly believe SMG is a stock that will double in the year. Mark my words Trading View! SMG will be a big winner!
Also, buying SMG while it's under it's major moving averages is a much better strategy than waiting for a large break-out and trying to time it perfectly. I think accumulating SMG the next few months is a wise idea.
SMG closes the week out with 4 straight gainsNYSE:SMG moved up for the 4th straight day above the trendline. Roughly 14% for the week! Next resistance line is at 61.77 - another 11% up.
SMG continues to move towards the 150ma.Great day for SMG despite a negative market day. Looking for it to run up to approx $62 before it hitting resistance - another potential 15% upside.
#SMG continues down the declining trend line to the pennyI was way early on my SMG call. Keeps hitting the downward trend line resistance. If it can cross over I NYSE:SMG 'm hopeful it will reverse the trend - earning on Feb 1 could be the catalyst.
Buy low sell high they say.Loading up on this stock as I believe it went from way overbought to way oversold very quickly. Playing a reversion bounce while collecting a high dividend in the meantime.
$SMG set to grow!Scotts Miracle Gro is at a very attractive valuation similar to its 2008 lows with a nice 5.5% dividend yield. It is also coming off its bottom trend with the RSI oversold similar to 2008. Over the next couple years it could potentially rally 200+ if the recovery is similar to the 2008 fractal
Scotts Miracle-Gro About to Grow Miraculously?Scotts Miracle-Gro (SMG) has only reached the cloud on a monthly chart three times in its 30+ year history on the exchange and every single time has proven to be an amazing and rare buying opportunity for long-term investors. If you're a long-term investor this could be a perfect time to cautiously dollar cost average (DCA) down. In the worst-case scenario, the price could go into the 70s or upper 60s. In the best-case scenario, the price rebounds from here and you would have missed a rare buy opportunity.
Not financial advice.
SMG Closing in on .786 Fib SupportSMG (currently $117) is reporting earnings in the near-future and will be one to watch as it approaches both the .786 fib and 2019/2020 accumulation/distribution levels. A rally likely takes price back to resistance at the .618 fib where it will also contend with upper line of the down channel. Above these and the initial upside target looks like $150-155. Scaling-in and looking to hold as risk/reward seems favorable at 1:2.
Please be sure to hit the thumbs-up if you agree with my analysis. Thx!
This is not investment advice. Do you own due diligence.
SMG STOCK ANALYSISScotts Miracle-Gro Co. engages in the manufacturing, marketing, and sale of products for lawn and garden care and indoor and hydroponic gardening. It operates through the following segments: U.S. Consumer, Hawthorne, and Other. The U.S. Consumer and Other segments manufacture and market branded consumer lawn and garden products. The key consumer lawn and garden brands include Scotts and Turf Builder lawn and grass seed products, Miracle-Gro soil, plant food and insecticide, LiquaFeed plant food and Osmocote gardening and landscape products, and Ortho, Home Defense and Tomcat branded insect control, weed control and rodent control products. The Hawthorne segment manufactures, markets, and distributes lighting, nutrients, growing media, growing environments and hardware products for indoor and hydroponic gardening in North America. The key brands include General Hydroponics, Gavita, Botanicare, Agrolux, Can-Filters, Sun System, Gro Pro, Mother Earth, Hurricane, Grower's Edge, and Hydro-Logic. The company was founded by Orlando McLean Scott in 1868 and is headquartered in Marysville, OH.
THIS ONE DEFINETLY GOING TO BE THE BIGGEST GAINER OF ALL AGRIC STOCKS 4REAL 4REAL
SENNASEASON
Scotts Miracle Grow - Sprinkle Some On Your Portfolio!Scotts is looking good, I think I will buy more with a tight stop watching the upward sloping resistance as a potential exit. The fertilizer market is getting ready for a rise in prices if you ask me. If anyone has any underpriced organic fertilizer companies to suggest I am open ears, that market could be even hotter. NFA, DYOR
