GRAB some chips cause price is about to DIP up

2月8日

The UBER of ASIA you could say, up for grab. No longer a dump, but its time to PUMP. As we reach earnings near end of FEBUARY the potential to the upside is more apparant now so more than ever. As we observe the graph I have the 9 day and 30 day moving average represented by the purple and yellow line which signals a short to intermediate term buy on the bullish sentiment that price had a strong support at roughly 2.90USD. The price from the time the possible bottom of the current downtrend was broken and the 3 confirming green candles can provide a long entry to the upside prior to earnings released. As price may take some time to grow in particular it has gained roughly 8% in the last month since buyers stepped in around the 2.90 USD price range and buyers from a psychological perspective stepped in to answer the call as it was deemed 'cheap'. Price would need to hold and break about 3.40-3.60 within the month of feb for it to proceed which isnt very much at this current price. We've got the moving average convergence divergence indicator which is lead me to believe this would be a entry LONG because the MACD and signal line represented in the blue and orange line are about to crossover. Another note is the inverse head and shoulders pattern which is potentially quite a set up weve got here as price has been in this range for quite some time. considering this pattern formed on the weekly timeframe is even better as this move has taken quite some time but as we proceed onwards into 2024/2025/2026 onwards there has been a shift in economic structure in regards to how the days of dining in restaurants and eating out has been completely changed since the covid epidemic. The need for takeout and food delivery or delivery of any kind for that matter is growing. I believe this is an opportunity for exposure in the southeast ASIAN industry as they have been stimulated much more strongly in the recent years compared to how the west have operated with high inflation and high interest rates. As economic markets shift so do habits of their inhabitants.