Watch the Rounding Bottom on AMCR closely. Trade with professional charting tools.
Gradual reversal from bearish to bullish.
Bearish continuation if preceding move was down.
Traders are watching Amcor (AMCR) as price action tightens. Price has moved to $41.01 (0.12%) amidst recent volatility. The primary technical feature is a Bearish Flag formation. The trend indicator is reading 14.6/100, suggesting moderate momentum. A potential breakout level is identified at $37.95, targeting $25.62 with support near $42.49 (R:R 2.72).
What is your outlook on AMCR?