Bearish slump today has printed an Evening Star candle formation on the 2 day chart.
Now with overlapping highs, this can be 3 waves and Phase A complete of an accumulation and from here it can potentially get all the way back to the retracement Golden Window or even make a lower low to form "ST" Secondary Test.
There are other possibilities and this could have...
On the above 10-day chart price action has corrected almost 100% since February 2021. A number of reasons now exist to be bullish, including:
1) You know why.
2) Price action confirms support on past resistance.
3) Tripple bullish bullish divergence.
Is it possible price action falls further? Sure.
Is it probable? No.
Ww
Type: investment
Risk: <=6% of...
Hydrofarm Holdings Group, Inc., together with its subsidiaries, engages in the manufacture and distribution of controlled environment agriculture (CEA) equipment and supplies in the United States and Canada. The company offers agricultural lighting devices, indoor climate control equipment, hydroponics and nutrients, and plant additives used to grow, farm, and...
Hydrofarm Holdings Group, Inc., together with its subsidiaries, engages in the manufacture and distribution of controlled environment agriculture (CEA) equipment and supplies in the United States and Canada. The company offers agricultural lighting devices, indoor climate control equipment, hydroponics and nutrients, and plant additives used to grow, farm, and...
I have wait admittedly in pain watching hyfm IPO skyrocket. This morning started a big long. Happy to add each, and any further dip, don't bother commenting shorts.
GL all....not much will be needed in three years!
Vertical growing and hydroponics will change the world for the better beyond canny flower!
Hydrofarm Holdings Group, Inc. engages in the manufacture and distribution of controlled environment agriculture equipment and supplies. It offers lighting; atmospheric control; hydroponics; nutrients and additives; growing media; plant care and pest and disease control; seed starting and cloning; garden accessories; and food storage products. The firm operates...
You 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.
Looks like we are in price discovery mode and soon to run out of steam.
So we might get a discounted price soon
Many of you may have heard this old business maxim before, but if you haven't, it essentially means that the people who made the most money during the gold rushes in centuries' past were the people who sold picks, shovels, and mining equipment to the miners. Sure, every now and again a miner would strike it rich, finding a profitable ore vein or massive nugget of...
