Can Grab Hold $6 and Reignite Its Late-September Breakout?
$Grab Holdings(GRAB)$
$6.01 (+0.50%): Holds the $6 handle; staying above $5.95 keeps the late-Sept breakout intact
Market Recap (as of Oct 31, 2025 close)
Grab ticked up +0.50% to $6.01 on a tight session (range $5.95–$6.08). Volume 41.95M vs 44.53M avg (~0.94×), a quiet day near the highs.
Shares sit ~9.2% below the 52-wk high $6.62. Overnight prints show ~$6.06 (+0.83%).
Technical Indicators Analysis (Daily, YTD)
RSI(14) ≈ 54 (neutral). MACD is slightly positive (MACD > signal; histogram ~+0.01) but flattening—momentum modest after October’s pullback.
Price is riding above the 9-day EMA (~$5.94) / 9-day DEMA (~$5.98); holding that cluster preserves higher-low structure.
Base case next 1–3 weeks: consolidation with a mild upward bias while $5.95 holds.
Support / Resistance
Support: $5.94
Resistance: $6.15–$6.20
Valuation and Target Range
TTM P/E ~300.5×, EPS (TTM) ~$0.02, beta ~0.89. Near-term trading map: hold $5.95–6.00 → probe $6.15–6.20; sustained breakout >$6.20 opens $6.45–$6.62 (52-wk high zone).
Risk Statement
Single-name and Southeast Asia macro/FX headlines can overwhelm technicals; earnings or guidance surprises may gap price. Technical commentary only—use strict risk controls.
Data Source: Yahoo Finance & TradingView (daily chart, Oct 31, 2025). Prepared by Tiger Morning Brief | For internal use only.
For SG users only, a tool to boost your purchasing power and trading ideas with a Cash Boost Account!
Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with upcoming 0-commission, unlimited trading on SG, HK, and US stocks, as well as ETFs. Find out more here.
Other helpful links:
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
