What a year from Green Growth Brands thus far: a deal with multiple mall operators (including SPG), and now a deal with Abercrombie & Fitch to bring their CBD products to 160 stores.
- From a fundamentals perspective, this brand is as disruptive and prominent as they initially appeared to be
In my opinion, price action has not caught up to how much this company...
For those who don't know, GGBXF (Green Growth Brands) is a CBD-focused brand heavily emphasized on having a retail presence. In my opinion, the growth of this company is inevitable. And once more attention is brought towards the company, a double digit stock price seems highly plausible.
In terms of the chart, we are in an uptrend currently but are having trouble...
We all know the market does not move in the direction that the majority wants it to - that would be too easy. With so many longs stacked in XRP, we will likely see a huge pump the moment everyone gets impatient and leaves their XRP bags.
As of now, it looks like we have a healthy reversal forming. If this double bottom breaks I will likely reenter later.
VXXB fitting very nicely into a possible reversal. S&P 500 will correct in the near future, the question is when. With the sentiment in the market, not sure how it can pass its all time highs which are approaching within the next couple days.
Added to my long around 28, if 28 breaks our last line of defense is 26.