What this is: Short DD with Objective Data from Fintel and Ortex.
Read: Scalp / Swing Trade
Let’s welcome the moon…
NEWS update:
Being that the merger date has been announced for Nov 30, 2021, here’s my final update to reading the chart…
- Monday, Nov 29, 4pm is marked with the vertical line,
- Regression Trend shows that we have been slowly creeping up to the Bullish Upside Room–and once again poked the 14.25 pivotal resistance line,
- Volume, while AGC has been trading at very low volume for 8 days straight, price has held up well above 13–which is the new pivotal level of support since 2 weeks ago,
- MACD, selling pressure has significantly lowered as demonstrated by the light red bars of the histogram,
- MACD line and Signal line is looking to cross and primed to move up above the middle line–green bars very soon,
- RSI has crossed over to the upper bands,
- BB %b has not touched the very bottom since Nov 2, the line is still in the middle so not a bad area to load up here–if you’re bullish,
- Momentum Squeeze indicator, well this is fun to see, AGC only ever squeezes to the upside–notice the white dots on the green bars,
- Since October 20, AGC has not squeezed to the downside even once–even with obvious selling pressure,
- Parallel lines show higher highs and higher lows since October 21,
- Pivotal Resistance line of 18.11 will be the last gate to hold the price back, if that breaks, then 30-34 may be the upper limit channel according to the Fib Extension tool,
- Fib Time Zone 21 still has plenty of days to reach new highs,
- Fib Time Zone 21’s beginning is in line with the recent high of 17.95, possibly pointing that even at that level, you should still see profit in this zone.
God speed.
P.S. - I almost forgot to post this update too for the Options Overview History and Chain…
That 1D iV Change of +21.36% should make a bit of impact this week.
Put/Call ratio is Neutral to Bullish.
[size=4]Fintel Short Squeeze Score update:[/size]
11-15-2021
2 points higher than when this research was posted…
[size=4]Ortex Alpha Signal update:[/size]
TLDR:
Announcement of merger/acquisition with GRAB (Singapore’s UBER eats rival)
Free Float - 41.12M
Options History since last Friday is loaded, and Options Chain is jacked.
8.6 Days to Cover Short Interest per Ortex.
*** These are just supporting data, I wasn’t the one who called this possibility. Find that sus and feed them your thanks.
About them: https://www.altimetergrowth.com/AGC
Altimeter Growth Corporation (Nasdaq: AGC) is a special purpose investment vehicle sponsored by Altimeter Growth Holdings (“Altimeter”), which is part of the Altimeter Capital Markets Platform, formed to invest in and help bring a world-class technology company to the public markets.
On April 13, 2021, Grab Holdings Inc., Southeast Asia’s leading superapp, announced it intends to go public in the U.S. through a SPAC transaction in partnership with AGC. The combined company expects its securities will be traded on the Nasdaq under the ticker symbol “GRAB” in the coming months.
About GRAB: https://www.grab.com/sg/investors/
Barchart Options History
Options Chain for 11/19
Barchart Opinion (Ai) with Resistances noted
Fintel data
Ortex data
Yes, it signaled Short Squeeze Type 3 just now!
Full Disclosure: I only have 5 17Cs and they’re already green with IV.
*** Never fall into FOMO! If you don’t know how to play this Gamma Squeeze, sit it out and just learn.
Current chart development…
Update
2 of the pivotal resistances have been broken in PreM, and the last one got poked too…
Will add more as I find legit stuff, please feel free to chime in.
