Volume: very high
Candle: bearish engulfing
9 d ema: closed below
Action details:
Down on higher volume. Bearishly engulfed the last five trading days.
Concerns about their corporate bonds may have been the reason for the down move on FRI.
There has still been quality volume from the hammer candle on 02JAN26 onward.
Above the upper trendline of the downtrend channel.
As predicted in my post about the action of FRI 16JAN26, has gone into a sideways consolidation and has jettisoned the downtrend channel.
Still could be a bull flag within an A-B-C up. Being pinched into the apex of a pennant pattern - that could force it to make a move in one direction of the other.
Down on a mixed day for stocks and a down day for it's competitors (CNK, CPXGF, & IMAX.)
Recent news is that AMC will authorize up to a $150M in share sale on 02FEB26. That would increase the float by more than 20%. That could send the share price down, at least at first.
Not expecting any significant rally (as in getting over 2.50) until the next earnings report which will be in late FEB26.
https://preview.redd.it/povhi7oxkhfg1.jpg?width=2484&format=pjpg&auto=webp&s=83c02439228724717d56667f19dd82f562c6f858