The analyst believes GRAB is undervalued and expects the price to revert to $3.90, then break out and rise to a target of $10.28, recommending a buy.
GRAB is undervalued with margin of safety under its 200 WMA at $3.90; expects price to revert to $3.90, convert it to support, then a double breakout and reversal leading to Wave 3 with target $10.28.
$GRAB is undervalued with a margin of safety under its 200 WMA The 200 WMA is also the range limit at $3.90 I expect the price action to revert back to this level next Once $3.90 is converted back to support, we have a double breakout and a reversal. Wave 3 is next for us, with a target at $10.28 Verdict: Buy.
| Horizon | Raw move | vs SPY |
|---|---|---|
| 1 day | -0.9% | +0.6% |
| 1 week | +7.2% | +7.6% |
| 1 month | -4.0% | -4.4% |
| 3 months | — | — |
| 6 months | — | — |