Amcor (AMC)

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Amcor (AMC): Signals

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TECHNICAL ANALYSIS SUMMARY

Amcor (AMC.AX)


Indicator:

WHITE OPENING MARUBOZU


Last Signal:

BULLISH


Trading: BUY @ $13.38
Signal Strength: WEAK
Recommendation:

Indicator MUST BE USED in additional to another technical indicator to confirmation for trading position. Indicator can be applied to the short term timeframe but is only able to give and indication of the strength of the buyers versus sellers at the market close. This Japanese candlestick indicator can provide guidance on the short term battle between sellers and buyers from the companies recent trading.


Amcor (ASX:AMC) has formed a White Opening Marubozu candlestick. This means, AMC has received strong buying confidence and upward price movement over the trading day with only a small upper shadow present. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.



This candlestick represents extreme bullishness and it is characterized with a long white body that has an upper shadow but no lower shadow.

Calculation: White Opening Marubozu Candlestick:
1) The body of the candlestick is white and long;
2) There is no lower shadow;


PROFILE: Amcor (AMC.AX)


Stock Exchange: ASX
Company: Amcor
Ticker Codes: | AMC.AX | ASX:AMC |

About Amcor (ASX:AMC):

Amcor Limited provides packaging solutions in Western Europe, North America, Australia, New Zealand, and internationally. It operates through Amcor Rigid Plastics, Amcor Flexibles, and Other/Investments segments. The company manufactures rigid plastic containers for a range of beverage and food products, including carbonated soft drinks, water, juices, sports drinks, milk-based beverages, spirits and beer, sauces, dressings, spreads, and personal care items; and plastic caps for various applications. It also manufactures flexible and film packaging for the food and beverage industry, including confectionery, coffee, fresh food and dairy, and pet food packaging; and medical and pharmaceutical, fresh produce, and snack food segments. In addition, the company offers flexible packaging for specialty folding cartons for tobacco packaging and other industries; and packaging solutions for home and personal care products. Amcor Limited was incorporated in 1926 and is headquartered in Southbank, Australia.

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