Nice uptrend for this stock since June 2023. From the daily chart, the stock is well supported by EMA tre line. Last Friday, it hit the ema25 line and a rebound is expected this week and another wave of rally might carry on.
There's a news for Grab today as well. The company and Foodpanda are expanding into the dine-in space, as consumers look to eat out more post-pandemic recently.
Grab is testing its dine-in feature across 15 cities in Singapore, Thailand and Indonesia, allowing users to pre-purchase dine-in vouchers at up to 50% discounts. App users can also view restaurants’ menus and reviews, order and pay via a QR-based system, as well as book rides to restaurants. Will the news boost the share price in short term time horizon? Let's see!
Grab Holdings Limited provides superapps that allows access to mobility, delivery, financial services, and enterprise offerings through its mobile application in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam.
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$GRAB heading to $5+ after next earnings
How about UBER or SE? Which is better