GROW Pennant BreakoutBreakout from pennant that has formed over the last two months. Ichimoku cross below cloud and MACD cross help confirm breakout. Resistance 0.33, price target 0.5, stop loss 0.275. Company has been gaining traction with more signed contracts, most recent sale today to a Canadian cannabis cultivator.
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GROW.V Breakout New 52 Week HighsIncreasing volume and price action past few weeks. Ascending triangle breakout confirmed today with rise above weekly ichimoku cloud. Low float micro cap stock. Disruptive agriculture tech increasing plant growth, new signed contracts and sales behind the run up. Previously ran to 0.70 in April 2019 with a lot less company traction and progress.
Price target 0.30-0.35 from ascending triangle break, stop loss 0.20 at previous resistance.
I am long GROW, recently doubled my shares at 0.15.
GROW LongBroke out of descending wedge today, daily stochastic and RSI crossed out of oversold. Nice rebound from support in low 0.20s. Weekly candle looks like trend reversal, very few shares for sale and bids stacking up. Next few weeks should be good!
Hopefully see 0.40 again soon. Health Canada clarification October 17th for use on cannabis and new contracts being signed in the near future!
GROW Double BottomDowntrend over last few weeks may be over as todays bullish engulfing shows signs of reversal. Watch for break of 0.35 to confirm bull break from falling wedge. Close above 0.35 would also be a hammer on the weekly chart. Good buy right now with strong support at 0.30, price target at recent tops of 0.51, potentially higher with any good news releases.
Upcoming catalysts include new contract signings, approval for use of technology on cannabis and more agro-industrial partnerships.
Blue Sky Again for GROW!So today we saw confirmation of the breakout from previous consolidation. Daily MACD cross, with stochastics confirming breakout as well. Resistance at 0.485 and 0.50 psychological, close above 0.50 is blue sky with good follow through and would most likely lead to a run to 0.60 based off price target from previous tightening equilibrium pattern.
Also watch for financials end of April and AGM in May! 2019 is the year for GROW
CO2 GRO Inc. Blue Sky Breakout!Update to my previous analysis on GROW. I've been following GROW for over a year now, and sp had been stuck in the 0.10-0.30 range. With a close above 0.40 the breakout from previous trading range is evident. Highest share price since their CO2 startup took over, so we are looking at a blue sky breakout. Sustained bullish volume, with good support being built on the way up.
Lot's of catalysts coming up for this company, financials end of April with $1.5 mill in cash from warrants in late fall. Aggressive expansion with many new contracts being signed, projected $10mill revenue run rate by end of 2019. Market cap only $27mill. Still an early stage start up with great potential, time ot get in is now.
CO2 Gro Inc. Breaks Year Long Trend Line BullishAscending triangle formed over January and February, bear trap with bull break on the 25th. Short term price target 0.35-0.40. Close above 0.30 signals new uptrend, as support is building above trendline formed since January 2018, lots of catalysts up coming make this a good entry point on a very bullish chart.
Fundamental analysis leads to price target of 0.83 going into 2020 with predicted revenue run rate of 10mil/year.
2019 Revenue: 10,000,000
70% Margin: 7,000,000
Overhead: -1,000,000
Op inc: 6,000,000
30% tax: -1,800,000
Net inc: 4,200,000
Shs diluted: 76,111,860
Eps: $0.055
P/e: 15
Shs value: $0.83
Bullish Breakout - Elliot TheoryI have been watching this stock for months. I started to realize Elliot wave theory was occurring once it did the first 5 waves in Dec 2017. From then on it looks like It did a double three wave followed by an ascending triangle with the E wave overshooting just as Mr Elliot has theorized . However I am not sure at what stage the larger trend is in . I believe that the first 5 waves indicate wave 1 and then the WXY plus the triangle are Wave 2 however , it is said that wave 2 never or rarely ever does a double correction on those corrections only occur in wave B or wave 4 but if correct would indicate the start of Wave 3. If anyone has other interpretations please post.
CO2 GRO Technical Analysis: 100% return over next 1-2 months Short term we are due for at least a small bounce since we finally have some signs of buying volume increasing. Note the bull volume spikes end of this week as well as back in June before the last uptrend started.
Daily MACD is just about to cross which when combined with stochastics rising out of oversoold indicate a likely uptrend beginning.
$0.15 was a major support and now is acting as significant resistance, a break above this level would 100% confirm the continuation of the megaphone chart pattern up to at least $0.30.
Easy 100% return over next 1-2 months even without any major catalysts, but this company has first revenue coming any week now as well as new research/trials being completed monthly. 8 Million market cap and projected revenue stream for 2019 is $10 million.