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Jul 10, 2016 6:49 PM

Huge move in AMGN coming. Huge. Short

Amgen Inc.NASDAQ

Description

NASDAQ:AMGN

Diamond top pattern on weekly with negative divergences in both the RSI and MACD indicate downward future direction.

Based on height of overall pattern, pattern target is near $100. Should a break upward occur (not likely based on RSI and MACD), pattern target would be approximately $210. See Bulkowski thepatternsite.com/diamondt.html

High volume nodes and POC labeled.
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