(GRWG) GrowGeneration possible double bottom pattern

First 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/u/growerik/

액티브 트레이드:

$13put & $14call strangle