Which phase is AGC now?
@Ahbia:
$Altimeter Growth Corp.(AGC)$Accumulation phaseTrend: This is the phase where no new highs are created and the stocks move sideway for a period of time. Why: Institutions buys up main bulk of the sharesavailable in the market. In the case of AGC, institution are holding close to 90%. They will help us form the base of the stock price and we will unlikely to see a big drop. What could go wrong: Of cos we cannot expect all to Long this stocks. We are also having a greatbunch of institution and shorties shorting this. They are expecting this stocks to fail once it merge.This will be a fight now between long and short. But LONG will win the battle. Markup phase Trend: New highs are created with upward trend.Higher p