$Grab Holdings(GRAB)$ rose to $2.89 last week participating in a rally with most of the U.S. stocks.
It left me with mixed feelings, wondering whether the company was doing better or traders were pumping the value up with the rally. My guess? Both.
I think Grab's increasing presence in SEA is, for want of a better word, grabbing more attention. Skeptics swear its a lousy stock (a.k.a. Meme stock, Stonk, whatever you name it) and people who trade in it are Grab fanboys or maybe early investors who lived through the drop from $17.
Whatever it is, it seems to me that Grab is gaining steam, for better or for worse (yesterday better la...). But we are still in the early days and for me, my investment strategy on Grab has not changed. I accumulate the stock on a bi-weekly basis, in small quantities and so far, this Strategy has served me well. My risks are relatively small but I hope to have a sizeable amount at a reasonably low average price of below $3 before its next earnings call. Sound reasonable? Do share your thoughts!
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- CrystalRose·2022-06-27Grab is a penny stock. It is trading at $3.06 and has support at $2.50. The resistance would appear to be at $4.00. The stock has been consolidating2Report
- CatherineGunter·2022-06-27This is an indication that Grab could be considered oversold. The impact is that the stock would set off a rally to find a new high.1Report
- CyrilDavy·2022-06-27Grab is a strong buy. The stock has a lot of potential for gains. The analysis also shows the company expects robust EPS growth.1Report
- Derrickola·2022-06-28haha I wouldn't put any fund in even the stock is cheap. the valuation is in fact not worth this pricing1Report
- BurnellStella·2022-06-28Let's give this growth stock a little more time.LikeReport
- HilaryWilde·2022-06-28Grab's progress is certainly visible.LikeReport
- PandoraHaggai·2022-06-28It's just following most stocks up.LikeReport
- ElvisMarner·2022-06-28Grab is really undervalued at the moment.LikeReport
- Siang3361·2022-06-28[微笑]1Report
- KSLeck·2022-06-28ThanksLikeReport
- RyannJ·2022-06-28NiceLikeReport
- Mivecs·2022-06-28Keep it up1Report
- Hoys·2022-06-27Ok1Report
- erin39·2022-06-27👍1Report
- xu2022·2022-06-27liked1Report
- Erry·2022-06-27like1Report