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May be a long entry signal on AMC. Put in a bottoming tail at it's price target and all time lows.

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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. Here is a free resource to learn more about Wyckoff Methodology (Not Affiliated) https://www.wyckoffanalytics.com/wyckoff-method/

AMC is threatening to breakout of this long-time triangle on big volume. there is limited downside risk and significant upside. I'll post a few follow-up charts in the notes to show possible targets. Trendline has been pierced on big volume. It's possible it could pullback inside before breaking out, but not likely on this volume. Either way, it is building a significant base for upside Fib fan found support at the .618 fan and is not pushing on the 0 fan. Note the upward movement did stop at the 0 fan (gray line). This could indicate a pullback is needed before further upward movement. RSI has made a very nice double bottom after a three wave down move and has momentum to the upside.

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looking for a retest after this break, starter entry at $3. wait for a confirmation.