AMC Accumulation

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AMC AccumulationAMC Entertainment Holdings, Inc.NYSE:AMCCHR15MI believe 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. Here is a free resource to learn more about Wyckoff Methodology (Not Affiliated) https://www.wyckoffanalytics.com/wyckoff-method/