Grapefruit USA Inc (GPFT)

[madtig6]

Re chart @ goldcoastoh

It certainly is showing strength to hold that support .

However, all the significant indicators are still all in

negative bias.

I have 3 other charts I use, and , based on what I see there

and experience of 8 plus years with charting, I am now going

to take a somewhat educated but somewhat wild ass guess that

we may see 50% fib challenged (approx .38) but that it will be

brief - perhaps just intraday and bounce from there.

I think the gap at .30 will remain unchallenged.

This is all based purely on tech analysis. Any major

announcements will trump the technicals.

And I would be just fine with it bouncing off the 38% fib on

Monday. I have a very large position that I have been holding

for 3 years. I have been trading only 50 -60 K in a separate

account and have made some nice gains doing so. Either way,

I'm happy.