Watch the Ascending Triangle on AMCR closely. Trade with professional charting tools.
Bullish continuation pattern.
Sideways movement between parallel supports.
Market participants tracking Amcor should note the latest formation. The stock is trading at $44.54, up 4.48% on the day. Price action has carved out a classic Ascending Triangle. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $45.39, targeting $52.48 with support near $41.94 (R:R 2.06).
What is your outlook on AMCR?