Grapefruit USA Inc (GPFT)

[madtig6]

Long term chart-weekly


The black line is the downtrend line

With the strong day Monday, it was broken temporarily, but failed to

close above it so far this week.

http://stockcharts.com/h-sc/ui?s=IMGG&p=W&yr=2&mn=3&dy=0&id=p61127601079&a=228108388

If we look at the daily chart, that is a big, bad, bearish engulfing candle

Support is holding at the .08 level again, but I am afraid that the time factor

to submission will again erode the PPS.

If .07 is broken to the downside, then we could see .03 again, so keep a close eye on .07

http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=4&dy=0&id=p79253060795&a=228499894