GRWG - Larger DegreeCount confirmed by $22.88 resistance. Targets $25 and $32 before a more significant correction.
GRWG
GRWG - Breaking out or Trending?Bullish close, yesterday. At the top of a trend line.
Breaking higher would likely lead to a new ATH.
GRWG Looking InterestingMaybe one final low to .618 / $16.37 before bouncing?
Potentially complete here. Needs to break above
MA8 Daily = $17.56.
Wave 3 target potentially 40% upside.
Breaking below .618 could mean loss of momentum.
$GRWG Gets Boost from Biden Polls and VP DebateGRWG benefits from VP debate and recent polls, as increasingly likely Biden plan is to decriminalize pot at the federal level. Shares seeing a recent range break, but remain inside of the larger pattern. Would help to see a break back above the $20 level to line up the retest of August highs.
GRWG Breaking or Faking?Needs to hold support now. I didn't like the rising triangle before, but the setup currently looks excellent!
$GRWG Spike and Flag Formation Poised To Break Out$GRWG is showing a fantastic flag that is staying very bull weighted. It's likely that buyers will want to continue this rally up from here. I would love to see a fake-break low to dip in to entry zones for buyers to push back up to highs.
GRWG - Don't Chase It, Retrace It!With the first signs of corrective waves appearing in on the hourly charts in the top formation, we can assume that the top is in. Significantly overvalued after this parabolic move. From my count, it was the minor wave (5) that extended.
The retrace could take a long time, but there are many gaps to close. Of course, additional pumps are possible, but scaling out at these levels is probably a good strategy. That is my play, at least, and I am looking to accumulate again in a few months.
Theory says that corrections within the same impulse wave typically retrace into wave 4 of the lesser degree. No by coincidence, wave 4 of the lesser degree is the exact FIB 0.618 of the motive wave that is now finished. I need to assess over time, but perhaps the 0.5 area is a decent place to play for a bounce.
Trade safe!
PS. I've measured, and wave 3 is slightly longer than wave 1, even if it looks to be shorter.
$GRWG Reaches Orbit on Signature Positioning in New Green WaveGRWG went into orbit off last week's earnings report, showing the pick-and-shovel power of the cannabis patch right now.
The space is booming for those providing turnkey resources. Robinhood accounts have piled in. But, with RSI at 93, we aren't saying Short It, but we are saying Bank It if you Got it.
GRWG - "never have i seen such beauty"GRWG - I'd love to see a retest of that breakout
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$GRWG... Ready To Resume UptrendRecent uplising news coupled with solid earnings and upgrades should take this back up to the high end of the range... $4.40 in sight... next target $5.00... look for friction @ 50MA 4.11 @ 100MA 4.45... Stop@ $3.60... sell 1/2 @4.80 then watch for direction...
All IMO...
$GRWG
