SMG 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...
Scotts 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....
SMG 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.
Trend 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.
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...
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
In my opinion SMG is under the radar and an extremely strong buy for the longer term. The new stay-at-home economy and the rise of marijuana industry are big bullish tailwinds for SMG. And just look at that chart - up and to the right! Hoping the weakness in the short term continues so I can enter a position. Buy Targets: Average in at $115 (lighter) Establish...
It is unconfirmed double bottom and there is a positive divergence on rsi. Needs to break $136.06 to confirm the pattern 12 months Consensus Price Target: $124.8 if you find my charts useful, please leave me "like" or "comment". Please don't trade according to the ideas, rely on your own knowledge. Thx
Just thought I would publish an idea. Let me know your thoughts.
It break out the pivot resistance. The volume and RSI are still weak. Possible pull back to $116.76 Price ++ Volume -- RSI -
Want a MJ play that's not a MJ direct stock. Buy SMG here, low risk. set your stop at $102. I don't have a buy signal yet, just betting on past performance. + dividends
Trade based on Elliot waves. recommended levarage 5x
SMG has recently broken down from monthly trendlines. We will wait for it to recover to volume node and then enter a short position, risking off the 78% fib retracement, which is unlikely to occur. Do not enter position until signs of weakness or target is reached.
I think last week's pullback in equity markets was a good thing. The market got overheated and it gave us a reminder that stocks don't always rise. Memories and patience are short in the finance industry especially with some recent trends (blockchain) skewing people's perception that building wealth gets built overnight. Not the case, in the past 50 years of the...
The marijuana sector is blowing off some smoke after the latest toke up party. The sector is news fueled and volatile but has many buyers on the sidelines so I expect dips to continue being bought. I am a buyer of support levels and a seller of major spikes when we're clearly over extended. Supports: 1) 13.83 2) 12.00-12.15 3) 11.13 Sell targets: Over-extended...