I Would Like to Revisit $GRWG

It has been a while since I have visited this stock. The last time I did, I identified a potential bull flag up at the highs late last year, but as that structure failed to produce a rally, I retracted that call about two weeks later. That was fortunate, as the stock has just completely fallen apart ever since.

I have taken the time to recalculate the fibs as it stands here, and it appears to be in a very large a-b-c corrective structure (in yellow) that will span years. I believe we are now in the cycle (yellow) “b.” Within that yellow “b,” it seems to me that we have probably completed pink A, and are in pink B now. And within that, I suspect we may have a rally ahead of us. Because the price range is so extreme, I have selected the lowest fib (23.6% retracement of the decline) which also coincides with an Orange A to Orange C relationship as a potential target. That will also take us to an area of a prior consolidation (the orange box in the middle of the chart).

So, after such a long and harsh decline, it would make sense for this to see some relief, and so long as the low at Orange B holds, it may produce a rally into next year.

GRWG


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This Same Chart Pattern Is Appearing on Many Dozens of Names; Here Are 20 Examples

The pattern is self-explanatory. I see it present on dozens and dozens of names. I will show you 20 examples of where I see it, and list about 10 other tickers where I see it (but without also posting the chart).

Now, with this pattern, it shows potential, not guarantees. I just find it interesting that I see it in so many places all at the same time. Could they all fail together? Yes. It is a pattern that you can see in a down trend. However, it is also a pattern you will often see at a very bottom. If these do play out, many, many dozens of names may have already bottomed.

$AAL

AAL

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Note: When articles are first published, most of them are made available only to my Patreon supporters (I do try to publish some public posts on occasion). Over time (usually after a period of a few weeks or so), I make all of the work public. To gain access to my work when it is produced (or to join my Discord chatroom), please consider becoming a patron. Note that there is a 7-day free trial period. More information may be found on my About page and on my Patreon page.


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

Read more “Large Bull Flag on $GRWG May Be Primary 2”


Note: When articles are first published, most of them are made available only to my Patreon supporters (I do try to publish some public posts on occasion). Over time (usually after a period of a few weeks or so), I make all of the work public. To gain access to my work when it is produced (or to join my Discord chatroom), please consider becoming a patron. Note that there is a 7-day free trial period. More information may be found on my About page and on my Patreon page.