Grab Stage 2 Breakout

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