$Grab Holdings (GRAB.US)$ double cup formation the first cup...
double cup formation
the first cup uptrend was shortlived - fear factor high selloff creates the dip ..
the faith comes in to support and up it goes to form the 2nd cup….
as it reach the top of the cup … The Resistance is there …
if the market breaks through .., then it will go to 3.30-3.36 region
if not then it will form the 3rd cup ?
a place of decision - where will it go ?
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Tan farmerOP : Longer candle than previous day trading indicates market sentiment much better than the day before … hence a forward looking bullish tone — buyers willing to pay a higher price per share .
In comparison to the previous cup where the doji is a split line in the middle — then indicating indecision direction —- a turning point .
Based on the above observation which seems to point to another green today .. but cautious bc the volume is slightly less than previous day .
Tan farmerOP : We hope the CEO don’t do negative things again to affect market sentiment ..
Suggestion :: why don’t the company lent him some money to buy back his shares …. Just he needs to initiates a buy of the shares to further strengthen market confidence… then the capitalisation will go up by a relatively huge margin .
By his buyback 0.25M will generate at least 1 cents up .. than is 22M in capital increased .
Looks like a better idea to this … just a suggestion for the CEO .
Steven King420 : Four cups in a quart. Four quarts in a gallon. Pretty soon it will be worth something.