Perils of trading IPO stocks

NASDAQ:GRAB   Grab Holdings Limited
Such is the risks or rewards of trading in IPO stocks , like Grab.

Of course, nobody knows how it is going to turns out and that is why it is speculative.
The 3 fold jump from 5+ to 16+ was not sustainable and we can see from the candles that the buying power was weakened as more sellers come to drive the prices down.

On 8th Nov, it managed its resurrected move to meet its previous high before witnessing its doomsday downfall over the last 4 weeks. I expect the price to continue falling to the 5.71 level before a possible rebound.

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.