GRAB is setting up for a potential breakout! Here’s why:-Built a solid 2.5-year base, broke out, retested & held as support, then rallied explosively on high volume (strong accumulation!).
-Pullback to 0.5 Fib & 21-week EMA support, followed by a breakout of the retracement trendline. Now retesting for confirmation.
📊 Technicals:
-Daily RSI: 42 (low & primed for upside)
-Daily MACD: Positive crossover
-Squeeze indicator: Near positive squeeze
-Declining volume on pullback = bullish signal
💼 Fundamentals:
-Free cash flow > debt
-Consistent revenue growth since Q1 ‘22
-Earnings on Feb 21 = potential catalyst
GRAB looks ready for the next leg up! 🚀#Stocks #TechnicalAnalysis #GrabHoldings
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.