GRAB Outlook technicalthis outlook on grab, im hold in $5.25
Sl see on chart
Tp up to you :)
Disclaimer on
MUST SET STOP LOSS! ._.
GRAB trade ideas
Grab the chance to profit for Grab?Grab seen a plunge for its stock.
Support level at $3.00 area.
It seem to hit a support and would there be a short term upside?
We shall see.
Grab Volume is awesome but!Volume is awesome but 1.8 B float and 20 M can not move the stock, destine for sub $2 and the exchange will send them nasty letters and say you need a higher price. so reverse split is in the future for this one.
play the swings if you want. but I'm not touching it.
Perils of trading IPO stocks Such is the risks or rewards of trading in IPO stocks , like Grab.
Of course, nobody knows how it is going to turns out and that is why it is speculative.
The 3 fold jump from 5+ to 16+ was not sustainable and we can see from the candles that the buying power was weakened as more sellers come to drive the prices down.
On 8th Nov, it managed its resurrected move to meet its previous high before witnessing its doomsday downfall over the last 4 weeks. I expect the price to continue falling to the 5.71 level before a possible rebound.
