squarerootof9

The AMC squeeze is part of Composite Man's bigger narrative

Long
NYSE:AMC   AMC Entertainment
After analyzing AMC from the beginning and in the news, I started to see patterns of news cycle driving a broader, retail-centric narrative. Here, I'm hypothesizing what the end-game might be for Composite Man, who has clearly spent years accumulating his position. When he begins to distribute, what would that look like?

I'm not indicating timing or price levels (though I did base things off of past fib levels), but rather the shape of that hypothetical future move.

It's quite natural for accumulation to lead to reaccumulation and, ultimately, to create a distribution period. That distribution becomes critical to the longer term growth of the stock -- just look at the Ford and McDonald's charts I've posted. This isn't a doomsday thesis, but I am looking for a change of pattern which would indicate a bigger pull back.

However, the shorts must cover -- this stock isn't going the way of Toys-R-Us -- so, we have quite a bit of upside before we turn the corner and begin distribution.
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