ASX: Amcor PLC – AMC Elliott Wave Analysis | TradingLounge (1D Chart)

Welcome to today's Elliott Wave analysis for the Australian Stock Exchange (ASX), focusing on AMCOR PLC – AMC. Our analysis identifies AMC progressing higher within wave (iii)-orange of wave ((iii))-navy.

ASX: AMCOR PLC – AMC 1D Chart (Semilog Scale) Analysis

AMC Elliott Wave Technical Analysis

Function: Major trend (Intermediate degree)

Mode: Motive

Structure: Impulse

Position: Wave (iii)-orange of Wave ((iii))-navy of Wave 3-grey of Wave (3)-orange

Details: After AMC reached a low of 15.53, wave ((iii))-navy began unfolding, signaling an upward push toward targets as high as 20.00. The structure has already subdivided into waves (i) and (ii)-orange, both of which are complete. Now, wave (iii)-orange is underway, driving the price higher.

Invalidation point: 15.95

AMCOR-pcl-1D-Asx-Cha...


ASX: AMCOR PLC – AMC 4-Hour Chart Analysis

Function: Major trend (Minute degree, navy)

Mode: Motive

Structure: Impulse

Position: Wave iii-grey of Wave (iii)-orange of Wave ((iii))-navy

Details: Wave (ii)-orange concluded at 15.95, marked as a Zigzag pattern (a,b,c-grey). Currently, wave (iii)-orange appears to be developing, with targets ranging between 18.00 and 20.00. The price has likely completed waves i-grey and ii-grey, and wave iii-grey is now unfolding to push prices higher.

Invalidation point: 16.10

Technical Analyst: Hua (Shane) Cuong, CEWA-M (Master’s Designation).

Source: visit Tradinglounge.com and learn From the Experts Join TradingLounge Here 

See Previous: Aristocrat Leisure Limited - ALL Elliott Wave Technical Analysis

VALUE Offer - Buy 1 Month & Get 3 Months!Click here

Access 7 Analysts Over 200 Markets Covered. Chat Room With Support

AMCOR-pcl-4h-Asx-Cha...


Conclusion:

Our Elliott Wave analysis of ASX: AMCOR PLC – AMC provides a detailed forecast of current market trends. We outline key price levels that validate or invalidate our wave count, enabling traders to confidently navigate potential market moves. With these insights, we aim to empower traders to capitalize on AMC's ongoing trends effectively, offering a professional, objective view of the market.

Related

Australian Dollar/U.S.Dollar (AUDUSD) Elliott Wave Technical Analysis 22 January 24

Australian Dollar/U.S.Dollar (AUDUSD) Elliott Wave Technical Analysis 22 January 24

Australian Dollar/U.S.Dollar (AUDUSD) Elliott Wave Technical Analysis dated 22 January 24, provides ...

Read More >
Spotify Technology S.A. (SPOT) Stock Forecast Using Elliott Wave Analysis: Technical Chart Outlook, and Price Target Toward $800

Spotify Technology S.A. (SPOT) Stock Forecast Using Elliott Wave Analysis: Technical Chart Outlook, and Price Target Toward $800

Spotify Technology S.A. (SPOT) applies Elliott Wave Theory to both daily and intraday 1-hour charts....

Read More >
Dogecoin Crypto Price News Today Elliott Wave Technical Analysis To Enhance Your Cryptocurrency Trading

Dogecoin Crypto Price News Today Elliott Wave Technical Analysis To Enhance Your Cryptocurrency Trading

This article provides an in-depth Elliott Wave analysis of Dogecoin (DOGEUSD), offering insights int...

Read More >
Corn's Bearish Trend and Future Movements in the Commodity Market - Corn Elliott Wave Technical Analysis

Corn's Bearish Trend and Future Movements in the Commodity Market - Corn Elliott Wave Technical Analysis

This detailed analysis of corn prices leverages the Elliott Wave theory to forecast market trends. E...

Read More >

Buy 1 Month

Get 3 Months!

Special Offer:

Trade Recommendations

Unleash the power of deversified trading with our comprehensive portfolio, covering:

  • Stock Trades
  • Crypto Trades
  • Forex Trades
  • Commodity Trades
Elliott Wave Analysis

Gain a competive edge with expert insights in to:

  • Global Indices
  • US Stocks & ASX Stocks
  • Forex & Crypto
  • Commodities
Top-Notch Trading Tools

Equip yourself with the tools of success:

  • Social Chat
  • Elliott Wave Algorithm
  • Screener
  • TradingLevels
  • Trading Game
7 Elliott Wave Analysts

Stay ahead of the market with daily charts and insightful videos
-Your secret to strategic trading!

JOIN HERE


Welcome to TradingLounge (ASIC A.R.No. 321187), specialists in trades, trading education and technical analysis, covering stocks, indices, commodities, forex and cryptocurrencies.

When you join TradingLounge you have access to everything we offer, including trade tools, educational content and a social platform to chat with like-minded investors.

Read more

@Copyright 2024 by tradinglounge.com

Contact Us

Australian no: 02 4787 6020

International no: +61 (2) 47876020

Pay with:

Find us on