Watch the Descending Triangle on AMCR closely. Trade with professional charting tools.
Bearish continuation pattern.
Traders are watching Amcor (AMCR) as price action tightens. The stock is trading at $39.93, down 1.89% on the day. Algorithmically, a Descending Triangle structure has completed. This setup is supported by average volume turnover. A potential breakout level is identified at $37.95, targeting $25.62 with support near $40.94 (R:R 4.12).
What is your outlook on AMCR?