$SMG: Scotts Miracle-Gro Entered Long-Term Buying Area

Scotts Miracle-Gro Monthly Elliott Wave Analysis 09.18.2022

The monthly chart below shows the Scotts Miracle-Gro shares $SMG traded at New York Stock Exchange. From the all-time lows, the stock price has developed a cycle higher in black wave ((I)) of grand super cycle degree. Hereby, $SMG has printed the all-time highs in April 2021 at 254.34. Within the impulsive advance in wave ((I)), all the blue internal waves (I), (III) and (V) are impulsive waves, too. Even though the extension in wave (III) has taken place, the longest wave, in fact, is the blue wave (V).

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