AMC CEO Adam Aron announced a few weeks ago he keeps his word, and that a ‘pounce’ would not happen prior to AMC’s 2022 Q2 announcements.
Is he about to release a secret weapon that will annihilate short sellers?
Q2 announcements will be made on Thursday, August 4th.
AMC Entertainment stock closed today at $16.37 per share.
The stock has been climbing despite today’s minimal losses.
Is something big on its way for AMC shareholders?
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AMC trends bullish prior to CEO announcement
AMC Entertainment stock traded around $12.94 on July 7th, when AMC CEO Adam Aron announced on Twitter a ‘pounce’ would not happen in July.
The stock has since had a bullish trend leading up to its current share price of $16.37.
AMC’s share price rose past $17.50 on Tuesday, signaling another technical breakout.
Whether the share price will continue in this uptrend will depend on how well these new levels of support hold off.
AMC’s trading volume has also surpassed its average volume of 41.4 million recently.
Heavy volume has always been key to upwards price action.
When we look at AMC’s moving average on the 30-minute chart we can also see that it’s begun to curve upwards.
Technical analysis shows us breaking the $17.82 level should put the stock above $18.
Breaking the $18.80 level should send AMC Entertainment stock closer to $20 per share.
Whatever ‘pounce’ AMC CEO Adam Aron might be referring to, it’s important to note that it won’t be it prior to Thursday, August 4th.
This is bullish.
What will Trigger AMC to ‘pounce’?
There’s no doubt AMC CEO Adam Aron has some insider information signifying major price action coming soon.
The question is, what is it?
Executives have been paid millions ever since retail investors saved the movie theatre chain company from bankruptcy.
Is Adam Aron confirming some sort of incoming reciprocation allowing investors to finally profit from a big squeeze?
And if so, is it possible massive volume pressure from insiders will soon take place?
The truth is we don’t know but can only speculate the possibilities.
Community members are anticipating some sort of company acquisition or business partnership.
Or is a new law going into effect in the markets that retail investors simply do not know about?
I’m curious to learn what you think.
Leave your thoughts in the comment section of the blog down below.
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