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GrowGeneration | GRWG | Long at $1.90GrowGeneration NASDAQ:GRWG is approaching one of my favorite technical analysis setups as it gets closer to my selected historical simple moving average (SMA: the white and teal lines). Often, but not always (i.e. public offering news...), the price will jump to the selected historical SMA after a long period of consolidation - which has been occurring for some time. Additionally, the President, CEO, and Director of NASDAQ:GRWG have been buying shares recently near $2 which is a bullish indicator. There are currently only 54.8 million floating shares and an 8%+ short interest, so this could get interesting if the election cycle whips up new interest/chatter about national decriminalization of marijuana. As a result, GrowGeneration is in a personal buy zone at $1.90. Target #1 = $2.20 Target #2 = $2.50 Target #3 = $3.00 Target #4 = $3.50
NASDAQ:GRWGLong
by NicksAnalysis
GRWG buy the dip!First off for summary: Grow Generation is a leading retailer of hydroponic and organic gardening products in the United States. The company was founded in 2014 and is headquartered in Denver, Colorado. Grow Generation provides a wide range of products and services for indoor and outdoor gardening, including hydroponic and organic growing equipment, nutrients, and supplies. The company operates more than 30 retail locations in 13 states and is committed to providing high-quality products, expert advice, and excellent customer service to its customers. With a growing customer base of professional cultivators and home gardeners, Grow Generation is well positioned for continued growth in the hydroponic and organic gardening industries. TA: It is very clear we are under the 5year trend line. In 2018/2019 when GRWG was at these prices the revenue was a 4th of what it is now so even with the marco economic outlook uncertain, I think this is a great buying opportunity. These guys are growing at a healthy rate and there is still a large untapped market in the midwest that they are positioned well to capture. I've been watching more and more folks convert from alcohol to delta 8 products and it's only a matter of time before the feds decriminalize delta 9 sales. I think we will break above $10 by summer. If we test new lows I'd reconsider.
NASDAQ:GRWGLong
by lillybear
1
$GRWG Nearing A Breakout? Cannabis Sector Move?$GRWG Has had positive earnings and after holding the 200 EMA (orange line/Support) has bounced and broken downtrend. This candle held the break in downtrend, but I expect Monday we will potentially retest its resistance around 43.50 Positive Earnings from companies like $CGC and $HEXO in the coming weeks could help push cannabis sentiment, but GRWG does run by itself due to being in the lucrative craft of selling cannabis growing equipment and materials which is perfectly legal and doesn't have to go through a banking run around. Looking at 47.50 as my first target going into next week. Volume in comparison to previous sessions is low, and with that I wont be taking any sizable positions until I do. $GRWG trading requires high time frame observation in order to verify the price is still in trend, as it isn't a huge daily mover but does tend to gap up quite well. If we manage a decent run and market willing we could see $GRWG hit the psychological target of $50 Upon a break of $50 my first target will be 53.50 between June and August. $55 as a PT seems to be the consensus amongst analyst. I will be doing a video breakdown on this tomorrow. To go more in depth. I actually like the stock
NASDAQ:GRWGLong
by SimpleStacks
$GRWG Setting UP! 4/8$GRWG Setting up with a Symmetrical Triangle here on the daily. It has been holding around $50 for a week and today got a huge pop and is up over 12% for the day. Now slammed up against resistance I do think if we can Gap up above $56 we could see a retest of that resistance turned support and solid continuation to the upside especially with Cannabis News BOOMING! I think on the flipside a rejection tomorrow would be fierce and possibly have GRWG back at its support around $44
NASDAQ:GRWGLong
by SimpleStacks
1
GRWG- GROWINGA short analysis here of GRWG . We can see the formation of quite a bit of bullish activity- developing since Feb 2021 and earlier. The targets here are a result of multiple bullish harmonic patterns- culminating to create this deep bearish crab pattern. If the pattern completes we shall see quite a bit on gains about 40% as of the publishing of this analysis. Id expect a swift climb, followed by a retrace consolidation within the consolidation zone then upward rising. If the pattern fails expect it at the consolidation zone. CHEERS
NASDAQ:GRWGLong
by Moorsc0de