UBER - Fundamentals And Technicals Align For Grab Don't Miss It
- No longer a rumor, Grab is set to go public via Altimeter Growth Corp. at an even better valuation than initially rumored and UBER.
- Grab's revenue has recovered well over pre-COVID levels and looks to break even on its food delivery segment as it is poised to benefit from recovering economies.
- Setups and indicators across all three levels (economy, industry, and company) in the top-down approach analysis align to suggest unprecedented growth is ahead of Grab.
- Technical analysis suggests a good entry point to take position in Grab as a breakout move is currently taking place and a pocket of liquidity is formed at resistance level.
- Conviction to invest in Grab is derived by strong fundamentals where indicators from all three levels in the top-down approach analysis align while technical analysis provides investors with a good entry point.
For further details see:
Fundamentals And Technicals Align For Grab, Don't Miss It