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GrowGeneration Corp.

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GRWG trade ideas

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 WorthlessViews
GrowGeneration CorpOn the above 9-day chart price action has corrected 97% since the sell signal printed in February 2021. A number of reasons now exist to have a long position, including: 1) You know why.. 2) Price action and RSI resistance breakouts. 3) Price action prints a double with higher lows in RSI. 4) Strong bullish divergence. Lots of it. 5) No stock splits. Is it possible price action falls further? Sure. Is it probable? No. Ww Type: investment Risk: <=6% of portfolio Timeframe: Will say elsewhere Return: No idea Stop loss: Will say elsewhere
NASDAQ:GRWGLong
by without_worries
5
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
Longsetup for GRWGNASDAQ:GRWG GrowGeneration's stock is still cheap, and a new wave of cannabis legalization means the company's market will soon grow even more. We saw a few short term calls with Strikepreis 6.5 $. So there can be another strong push in the next days and a breakout above 6.5 $. The setup below is more for a short swing trade. For a long term investement GRWG can be interesting because there is a big potential in this industry. In a short term there is still the risk that the company is not profitable yet and the last quarter was weaker than the second. When cannabis companies set up their grow spaces, hydroponic systems are key to maximizing the yield of their plants. It also takes a lot of plant nutrients, grow lights, and environmental control equipment to keep marijuana plants happy and productive. And by selling all of these important products to businesses and consumers, GrowGeneration wants to make money. So it makes sense that if the cannabis industry experiences a downturn, the value of the company would take a hit. Trading Idea / Short term: Entry: Stop Buy at 6.92 $ Exit: Stoploss at 5.43 $ Target: 9.03 $
NASDAQ:GRWGLong
by tradevola
2
Long term investment in $GRWGI have longed $GRWG as Cannabis/Food play. Due to macro fundamentals and the fact oil is heading higher(I strongly believe oil prices can still double from here in the next decade or so), growing your own food can be the way to go. Also, if USA legalizes Cannabis on a federal level, this stock can benefit from it. The company financial sheet is sound and valuation is good atm, has cash and a PS of 1.21. Market Cap 509.50M Income 12.80M Sales 422.50M P/S 1.21 I have entered with a manageable position as this is the sort of play one may need to stomach a 50% move against the position without "frying the popcorn". If it falls further and I may consider adding. Risk is 1% atm. Want to thank @timwest for pointing out this stock.
NASDAQ:GRWGLong
by abail
GRWG Range High| PA Range| Declining Volume| RSI Extended Evening Traders, Today’s analysis – GRWG – trading towards a technical location where a bounce is probable, Points to consider, - Price Action Corrective - Range High Support - Order Bock Confluence - Declining Volume - RSI Extended GRWG’s immediate price action is trading towards its Range High that has technical confluence with an Order Block, allowing for a bullish bias. The current volume profile is on a decline, an influx is needed for a strong bullish expansion. The RSI is currently extended, a reversion to its mean is and bullish control zone is likely on the bounce. Overall, in my opinion, GRWG is a valid long with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps Thank you for following my work And remember, “Hope is bogus emotion that only costs you money.” – Jim Cramer
NASDAQ:GRWGLong
by AzizKhanZamani
1
(GRWG) GrowGeneration possible double bottom patternFirst off, what an ugly chart. lol. But a friend of mine asked me to take a look at (GRWG) GrowGeneration technicals. And after careful consideration, I told him I think it possibly had made a double bottom pattern this week. Technically that's a bullish pattern at this point in time, plus it's near it's 16 month low. So I'm going to take a small position and see how it plays out. 52 week high = $67.75 52 week low = $12.52 price levels on the 1day chart EMA200 = $29.31 EMA150 = $27.92 EMA100 = $24.92 EMA50 = $19.62 Trend channel breakout = $18.47 R3 = $17.78 R2 = $16.85 R1 = $15.70 pivot = $14.78 S1 = $13.85 S2 = $12.69 S3 = $11.55 breakdown = $10.63 Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends... *3x lucky 7s of trading* 7pt Trading compass: Price action, entry/exit Volume average/direction Trend, patterns, momentum Newsworthy current events Revenue Earnings Balance sheet 7 Common mistakes: +5% portfolio trades, capital risk management Beware of analyst's motives Emotions & Opinions FOMO : bad timing Lack of planning & discipline Forgetting restraint Obdurate repetitive errors, no adaptation 7 Important tools: Trading View app!, Brokerage UI Accurate indicators & settings Wide screen monitor/s Trading log (pencil & graph paper) Big, organized desk Reading books, playing chess Sorted watch-list Checkout my indicators: Fibonacci VIP - volume Fibonacci MA7 - price pi RSI - trend momentum TTC - trend channel AlertiT - notification www.tradingview.com
NASDAQ:GRWG
by Options360
6
$GRWG Volume Profile Indicates the End of the Bear Run is Near. Surely we are close to finding the buyers of GRWG? There was a lot of volume the last time we were at these price levels on GRWG. Though the growth is decelerating, there is still plenty of Growth projected for GRWG in 2022. According to 8 analysts polled, GRWG is expected to generate 531.24M revenue in 2022 which equates to a 1.74 Price Sales Ratio for 2022 based on a current market cap of $924.63M at the end of the day December 2, 2021. 2021 Revenue is projected to finish around $435 to $440 million which is a 2.1 Price to Sales Ratio in 2021. 2021-->2022 Growth Rate of around 25%. Compare these fundamentals to a Lowes or a Home Depot and figure out which is cheaper to buy right now. Past Volume and fundamentals are there for this stock to find bottom, but will it? Marijuana sector is very weak, so my guess is maybe GRWG must wait for the summer of 2022 for elections to get things smoking again in the marijuana sector. I have shares of this stock so maybe I am biased. Please share with me why I shouldn't buy more here?
NASDAQ:GRWGLong
by jleitzs
1
GRWG broke out of the falling wedge patternNASDAQ:GRWG broke out of the falling wedge, a classic wofle wave pattern with bullish divergence may very well be the end of a down trend. It has potential to go higher but I will stick to the targets shown on the chart, buy market and stop daily close below 20.5$. Hit the like button please if you find this useful :) This is only my own view and not financial advice, do your own analysis before buying or selling Happy Trading!
NASDAQ:GRWGLong
by Chartoholic
3