Grabbing Liquidity?

Lionel8383
2022-08-18

Grab $Grab Holdings(GRAB)$has a recent good run lately, reaching a psychological resistance of $4.00 and seems to be overbought from several indicators.

Sea Ltd $Sea Ltd(SE)$recent disappointing results could be a bearish sign for Grab. Investors will want to look at Grab's upcoming segment revenues for Mobility, Delivery and e-Wallet segments for clues on the current state of the business. 

A new office

Grab recently officially launched their new 9-storey headquarters in Singapore. It will house 3000 employees and a R&D centre. It certainlylooks as fanciful as any tech startup's office, but given the current challenging times, was ittoo exuberant?

The charts are showing signs of a trap

Grab Daily Chart

From the daily chart, the stochastic and williams %R indicates that the stock has been overbought lately. There are signs of a bull trap to grab liquidity in the making. The first sign of support would likely be at $3.00, at the 100 moving average. The 50 day moving average is starting to cross above the 100 day moving average, that's the only bullish sign currently. 

Long term investors who believe in Grab mightwant to wait for a pull back to a support level before clicking the buy button.

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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.

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  • familoveyou
    ·2022-08-18
    Is it a good time to buy Grab now?
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    • MamaProfit: 
      nope
      2022-08-18
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    • Lionel8383: 
      If you like to lose money or be stuck with unrealised loss
      2022-08-18
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  • PandoraHaggai
    ·2022-08-21
    Your analysis makes sense, and I think it's due for a pullback.
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  • ElvisMarner
    ·2022-08-21
    Grab's fundamentals are not great. Why should we invest in it?
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  • MortimerDodd
    ·2022-08-21
    I'm looking forward to GRAB pulling back so I can buy.
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  • highhand
    ·2022-08-18
    and we only have 3mins or less to click the buy button. else the price will go up
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  • DonnaMay
    ·2022-08-21
    Let's hope Grab hits 5.5 sooner rather than later
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  • BellaFaraday
    ·2022-08-21
    SE's performance does make me lose faith in Grab.
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  • LesterTan
    ·2022-08-19
    Avoid both if u r an investor
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  • LMSunshine
    ·2022-08-18
    Thanks for the tip!
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  • jeffry09
    ·2022-08-18
    Do you think sea is worth buying?
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  • YeddaJohnson
    ·2022-08-18
    Grab has an opportunity to buy now.
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  • shining87
    ·2022-08-18
    Sea is a very potential company.
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  • jolynnnnnnnn
    ·2022-08-18
    grab is so unpopular in Singapore now lol
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  • G0Hmh
    ·2022-08-19
    ok
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  • alylady
    ·2022-08-19
    [Strong]
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  • cat101
    ·2022-08-19
    Agreed
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  • Weiss
    ·2022-08-19
    grab now?
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  • HRHJMM
    ·2022-08-19
    Naaaa
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  • David369
    ·2022-08-19
    ok
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  • niclam
    ·2022-08-18
    wow
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