Long

$GRAB - Buy with upside of +50% to +90%

By subtlepapi

Updated

Technical Analysis

Oversold with weekly William %R and RSI starting to show reversal signs.
Daily RSI crossing above 50 and looking ready to curl upwards.
Price consolidating between $2.60 - $3
Broke out of the wedge.

Price Target

Buy between $2.60 -$3.00 or above $3 for confirmed breakout.
Analyst Price target: $4.6 (
Fib Level Price Target of $5.70 (upside of +90%)

Note

Bought at $3.03

Note

Technical Analysis
GRAB has hit the buy order of $3 and but it seems like it might consolidate after a sell off on price moving to $3.20. Consolidation phase might stay between $2.70-$3.10 before we see a further push upwards.

The weekly RSI and William %R are still not overbought so further upside is expected.

Note

Slight resistance expected at $3.45. daily 1D 100EMA level.

Note

Broke/Testing resistance above $3.45. We need it to keep pushing upwards and/or consolidate above the 100EMA level on the 1D

subtlepapi

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