Analysis: #NASDAQ $GRWG
Case 437 #GrowGeneration Corp.
DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.
#GRWG 1/4
Case 437 #GrowGeneration Corp.
DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.
#GRWG 1/4
Chart 1
Weekly Chart: Price finally broke above the Jan. 2018 range top in July 2020, since then the price has gone #parabolic. A close/hold above 23.13 will target synthetic #resistances at 30.49-31.22 with a close above the latter targeting 38.27- 39.76. To the .....
GRWG 2/4
Weekly Chart: Price finally broke above the Jan. 2018 range top in July 2020, since then the price has gone #parabolic. A close/hold above 23.13 will target synthetic #resistances at 30.49-31.22 with a close above the latter targeting 38.27- 39.76. To the .....
GRWG 2/4
..... downside, aggregated short-term buy orders at 16.62, 15.86, 14.77 and 13.53 with the #Fib. 0.50 at 11.97, farther down the strong #support zone 9.39- 7.31 (Fib. 0.618, #trendlines and #pivots).
GRWG 3/4
GRWG 3/4
Chart 2
Daily Chart: Price is correcting lower and profit taking is underway. We position ourselves marginally above the Fib. 0.50.
The #Strategy is printed on the image.
$GRWG 4/4
Daily Chart: Price is correcting lower and profit taking is underway. We position ourselves marginally above the Fib. 0.50.
The #Strategy is printed on the image.
$GRWG 4/4
