GreenGro Technologies Inc (GRNH)

[livinginstyle]

GRNH will prevail, and so will the stock.

It's incredible how tight this is trading. That has technical merit. Stocks like to move around even during consolidation periods. This stock is trading in an unusually tight range. Someone is trying to knock this down. Perhaps it's being shorted, but short interest is falling which is a good thing, see link.

Anyway, the lower trend line has come together with the 50 day. That combination has shown strong support. Will it continue to support the stock is only a guess but every time it is hit it gets stronger.

There's a general rule that technicians adhere to and that is this; if they can't get a stock up, they will take it down. Conversely, and as in this case, if they cannot get this stock down, they will take it up. The tighter this trades the shorter the pattern will be. I know it's boring but it's building strength like a volcano reading to erupt. The right news or the like will send this running. Hang in there longs, it's technically primed. Something or someone just needs to push the starter button.

http://www.otcmarkets.com/stock/GRNH/short-sales