Grapefruit USA Inc (GPFT)

[madtig6]

Chart wrap up..............................................

I am very encouraged by today's close. We broke the downtrend line and the .15 resist with conviction.

The 10 dma, the 20 dma were broken and the close was right at the 50 dma.

The candle pattern for the last three days, while not a perfect classical "three outside up", it was close.

That pattern has a high degree of accuracy for leading into a nice trend change.

The volume was decent for this stock, and if you look to the left of the chart, the pink and gray bars are price-volume bars. Without getting too complicated, if we break out thru approx. .163, there is little resistance to a further move up, which can be rather quick and exciting.

A good day technically, and I'm sure there is good news coming ( well, maybe more hoping than sure )---:o))

http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=3&dy=0&id=p26004265632&a=195071609