AMCR - KEEPING MY EYE ON THIS ONE.Good Morning,
AMCR looks like it is ramping up for a good buy. We saw significant buying action at the 8.90$-9.20$ levels to create a support. Price point was quickly rejected at 9.40$ on the short term.
I am looking to see how AMCR fairs again at the 9.20$ level. This would signify a move upward
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0.56 AUD
789.03 M AUD
23.17 B AUD
2.30 B
About Amcor plc
Sector
Industry
CEO
Peter Konieczny
Website
Headquarters
Zurich
Founded
1926
ISIN
AU000000AMC4
FIGI
BBG00LNJRW33
Amcor Plc operates as a holding company, which engages in the provision of consumer packaging business. It operates through the Flexibles and Rigid Packaging segments. The Flexibles segment develops and supplies flexible packaging globally. The Rigid Plastics segment manufactures rigid plastic containers and related products. The company was founded in 1926 and is headquartered in Zurich, Switzerland.
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Has the local bottom formed?Making the case for a bottom being complete at this level. There will be a retest of the bottom but my thesis is that it should hold above $8.37.
There are a few items for my thesis. One, there is a Bullish Divergence on the weekly time frame. Two, Accumulation/Distribution is still holding well,
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Summarizing what the indicators are suggesting.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
An aggregate view of professional's ratings.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
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Maturity date
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Maturity date
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Maturity date
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Maturity date
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