Large Bull Flag on $GRWG May Be Primary 2

$GRWG is just under the 61.8& retracement of the whole move from last year and (so far) within parallel rails. We also have a recent clear five waves down so we should get at least a bounce of some magnitude. My conservative target is a retest of the upper rail.

GRWG


[UPDATE]: This, like others in the sector, has failed to produce the rally I expected. Now so far below my 50-61.8% retracement box (the large box here, not the target box above), I think a 2 is less likely here. I will file this under “Unsuccessful Calls.” I will need to monitor the price action from here prior to making a new call.

GRWG

Leave a Reply

Your email address will not be published. Required fields are marked *