Grapefruit USA Inc (GPFT)

[kinlaw]

I can't imagine why Madtig would give his opinion on the charts to just get blasted so I'll go ahead and expect to take the heat.

IMO: The current trend is down even though IMGG is having a green day. If you take a look at the chart, the PPS is staying in a downward channel and will continue in My opinion unless we hear some really good news soon. Today it is testing the 20 day MVA which will be a lower high (in the downward channel) and tomorrow you can most likely expect a down day. If we break through this downward channel to the upside on a close then maybe the trend will reverse. Again, IMO.

Chime in if you think differently. I expect a bunch of you to have something different to say about this.