Grab Holdings (GRAB) stock is currently developing a cup and handle pattern on its daily chart, a bullish technical formation indicating potential for a significant rally. This pattern, marked by a rounded cup followed by a consolidating handle, suggests building momentum. A breakout above the key resistance level of approximately $5.58 could trigger a sharp upward move, targeting around $6.86 based on the pattern’s projected rise. This setup positions Grab stock for a potential skyrocketing surge, making it an intriguing opportunity for traders as it nears this critical breakout point.
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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.