#AMCR - $13-$16- another nice 5:1 setup
- strong bridge breach
- potential $13
- long term - target line
AMC trade ideas
Potential outside week and bullish potential for AMCEntry conditions:
(i) higher share price for ASX:AMC above the level of the potential outside week noted on 23-Aug.
Stop loss for the trade would be:
(i) below the swing low of 19th August (i.e.: below $15.53), once the trade has activated.
AMC.ASX: 16 JULY, 2024© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M (Master's Designation).
Forecast: Bullish
Details: Wave 2-grey has just bottomed at the low of 14.10, wave 3-grey is opening, to push higher.
Invalidation point: 14.10
$AMCR with a bearish outlook following its earnings #StocksThe PEAD projected a bearish outlook for $AMCR after a negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 50%.
AMCR on the verge of breaking 19 month consolidation?you guys know my motto, after huge consolidation or downtrend we will see big breakouts in either direction!
a rejection at extreme resistance and a test 10-11 support is likely
Amcor Strong Breakout AMCRA strong Fibonacci circle trend line can be drawn, this is validated by the bottom along 4.618
Another trendline can be drawn along a down period that has been broken out of and under an attempt to move out of 1.618
Very bullish
AMCOR buy conditions set up.Amcor has set up conditions for a buy by having the RSI7 giving an alert by crossing up through 30 and the stochastic buy signal has crossed up through the 27 line and that, in turn, has been confirmed with the EMA21 being flat to rising.
Khan's Handelskontor - KW 40 - Swing Trade Idea 4 - $AMCRFound support at EMA 200, nice channel, accumulating shares towards earnings (11th Nov)
AMCR for Long SwingAMCR broke the 12.00 Resistance / Support line, and is on a re-test.
I will place a Stoploss @ 11.90, a bit lower than the current share price, making the loss very limited.
Target price will be $13.00, makes the ratio loss:profit very attractive.
Buy Signal: 11.61Stop: 11.00
Our model is signaling a continuation trade back up toward 52 week highs. As long as price holds above the most recent range this could be a great play going into the end of the year
$AMCR #CupandHandle #BreakoutNYSE:AMCR broke out of its 2+months cup and handle chart pattern. I alerted to this setup on July 28th. Stock pulled back and made a deeper handle before breaking out in today's session.
Possible Inverted SHS on NYSE:AMCRCould it be a possible Inverted Head and Shoulders forming on AMCR?
We have a strong neckline and the MACD Indicator made a negative move which can be a signal to complete the downtrend on the right shoulder.
Let me know what you think and remember this is not financial advice.
$AMCR forming 2 month #CupandHandle #ChartPatternNYSE:AMCR looks ready to breakout from its 2 month cup and handle consolidation chart pattern. The stock in the last few sessions has also broken through a weekly down sloping trend line adding significant to the cup and handle pattern and the breakout when it takes place.
Keep it Simple!
$AMCRIf it breaks out it will be a great long, if it can not get through that resistance just avoid the trade here.
ASX.AMC I won't rush to buy it yetIndicators show positivity but MACD shows more sell off needs to happen.
i will wait
