AMC Accumulation I believe NYSE:AMC has been in a large accumulation starting around April 24'. The most recent break below the range on decreasing volume leads me to believe we are in Phase C. In order for this to be a Spring, we need to see strong volume come into the upside to break back into the range and a test of Supply. A break above Supply would be a Sign of Strength. (SOS) While many scream fundamentals, I choose to trade the chart. With that said, a strong Q4 could flip net profit positive. (HUGE) I see deep value in AMC if they can pull off profitability in Q4. This is just my opinion and what I see on the chart. I am focused on the Wyckoff events and phases. As far as timing, I wish I could remove the dates below the chart. This is my thesis.
Originally posted on Nov. 19th. Had to remove due to educational link to external source explaining what accumulations and distributions are.
Adamaron
AMC Entertainment (NYSE: $AMC) Likely To Wick Thru 0.786 Fibs!🕯AMC Entertainment Holdings, Inc., through its subsidiaries, engages in the theatrical exhibition business. The company owns, operates, or has interests in theatres in the United States and Europe. As of March 1, 2022, it operated approximately 950 theatres and 10,600 screens. The company was founded in 1920 and is headquartered in Leawood, Kansas.
AMC CEO sold another $7.1 million shares this weekAdam Aron, AMC`s CEO sold 312,500 shares on Tuesday, according to a filing with the U.S. SEC.
His total proceeds since November is $42 million.
Aron has still 2,302,760 shares worth more than $52 million based on AMC’s latest closing price, or maybe even less if AMC will fill the Gap to $16, which is possible.
After retail investors saved the company from bankruptcy, the CEO dumped a lot of shares lately as an act of gratitude.
Thanks, Adam!


