Grapefruit USA Inc (GPFT)

[madtig6]

Demus,

Supports are supports, and resistances are resistances

So even though it closed ONLY .005 below the support, the support IS broken.

Now, I'm not going to sit here and tell you that the pps will not go back up from here, and eventually be supported at .30 again ( or .31 or .32 etc)

But what I will say is that the ODDS of it going down from here, predicated on MORE THAN just the support / resist levels, are greater than for it to go back up.

That's all TA can do for one. Betters the odds of being on the right side of the trade. NOT TEA LEAVES, NOT CRYSTAL BALL !!!

And it takes a lot of study and experience to become adept at reading the charts.