Amgen Inc. (AMGN) approaching significant resistance, able to absorb weekly buying pressures. From here (AMGN) can fall back to channel support, eliciting losses of 20% over the following 3-5 months. Inversely, if a settlement above this resistance level occurs, (AMGN) would be placed into a buy signal where gains of 20% would be expected over the following 5-6 months.