Long

Grab (GRAB): Momentum Builds After Fibonacci Support

Grab Holdings Limited (GRAB) is a leading technology company in Southeast Asia, providing ride-hailing, food delivery, and financial services through its all-in-one app. Known as the region’s “super app,” Grab helps millions of users with everyday services while expanding its reach in digital payments and mobility solutions. The company’s growth is driven by rising demand for cashless transactions, food delivery, and an expanding customer base.

GRAB recently showed a confirmation bar with rising volume, moving higher after finding new demand at the 50% Fibonacci retracement. This suggests renewed buying interest, which could signal a strong support level for traders. A trailing stop can be set using Fibonacci levels with the snap tool, helping traders manage risk in the trade.

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