GRWG Range High| PA Range| Declining Volume| RSI Extended

16 Oca 2022

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