AMCR Bounce from the level, entry after confirmationAMCR Bounce from the level, entry after confirmation
AMC trade ideas
Amcor announces 2019 Full Year Results. Highlights belowHighlights:
• GAAP net income of $430.2 million; Cash flow from operating activities of $776.1 million;
• Adjusted EBIT of $1,075.4 million, up 5.7% in constant currency terms;
• Adjusted net income of $729.5 million, up 9.0% in constant currency terms;
• Adjusted cash flow after dividends of $192.7 million;
• 2019 total dividend increased to 45.5 US cents per share,
including 12.0 US cents per share dividend declared today;
• All-stock Bemis acquisition completed 11 June 2019 and $180 million of pre-tax cost synergies over three years reconfirmed;
• Proceeds from required divestments to drive shareholder value through a $500 million share buy-back and $50 million in strategic investments to advance Amcor’s sustainability agenda. Amcor’s CEO Mr Ron Delia said: “2019 was a transformative year for Amcor, marked by the successful completion
Potential buying opportunity with AMCOR (AMC:ASX)AMC dropped significantly in the last few days but it appears that there is a sign of the recovery. The price has moved up above Ichimoku cloud and SMA 100 line. Stochastic at oversold zone. Wait to see the how the price moves in the next few days for the potential "BUY" with target at the last previous high.
AMC - Worth Shorting AMC Looks to be topping out at the moment and is worth shorting. Short term target is $14. Medium term target is $13.
I have done no fundamental analysis on this stock and am basing the trade purely on the RENKO Traditional 0.50 chart.
ASX:AMC
AMC...correction ending ...buyuptrend ...correction has received to some resistance as 50-61.8 fib ret and 100 fib extention and an ascending trend line ....enter to buy position with a small sl
