The Long Investor
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$GRAB - WATCHLIST -
🕑 Added 2025-03-18 12:49:10 +0000 UTC$GRAB has announced today that they intend to pursue the acquisition of GoTo, one of their largest rivals in a $7 Billion valuation.
I think this is a positive development as they have $6 Billion in equity on their books and only $200 million in debt, meaning they are in a healthy position to make this acquisition work.
We can see that the price retested the 200 Day MA and the blue support line last week and has held, this catalyst today could allow the price action to move higher and complete Wave 5 up to $7.52 as originally planned.
Comments
DiegoTheSabre17
Love it!
