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RCP_
Dec 21, 2014 9:33 PM

500% and now time for a correction Short

Amgen Inc.NASDAQ

Description

There has truly been fantastic gains on this one, but I'm on the short side for now. Scaling in, tight stop and gl...
Comments
pugcoin
Hi, I have a head and shoulders on the daily, suggesting reversal to the uptrend. Currently on the right shoulder, with neckline at $158. If this is correct, price target is ~$140 (based on $15 head height).

Youre calling a correction - can you clarify?
RCP_
Hey Pugcoin
Yes I do. 140 seems to be a nice 1. target for for me as well - that fits approx. with the maintrend line.
Good luck
RCP_
Approx. 7,5% down. This came a little bit earlier than expected
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