Redback's Australian Stock Market Report
A daily report on the Australian Stock market and selected Australian stocks.
Thursday, November 18, 2010
AMC 18/11/2010
Amcor might have bottomed out at around the 6.50 level.
The SlowStochastic is down in oversold territory .
The MACD is sitting right on the zero line.
If Amcor breaks lower here, it may be going a lot lower.
A bounce tomorrow should see it go back up to the recent high.
Good luck
Red
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