Grapefruit USA Inc (GPFT)

[madtig6]

Hammer candle confirmation....................

The candle yesterday was a hammer - a possible reversal of trend candle, that needs confirmation on the following day ( that would be today)

IF today's pps remains approx where it is (or higher) at the close, that would confirm a trend reversal .

A trend reversal in this case would be from downtrend to uptrend OR to a sideways trend. Sideways for a while would be "strengthening" the technicals before another move up.

That would be necessary to get through that resistance zone above.

As long as the downtrend is reversed, either scenario is OK from a technical view.

The momentum ind are definitely in a positive bias , but not in a very strong way yet.

http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=4&dy=15&id=p69506682390&a=195071609