Reasons for bullish bias: - Price bounced from support - Weekly bullish candle closing at support - 0.5 fib retracement Entry Level (CMP): 278.40 Stop Loss Level: 264.03 Take Profit Level 1: 292.77 Take Profit Level 2: 307.14 Take Profit Level 3: Open
Reasons for bullish bias: - Price bounced from strong support along with 0.382 fib retracement - Price respected trendline - Strong bullish candles Entry Level(CMP): 291.29 Stop Loss Level: 279.64 Take Profit Level 1: 302.94 Take Profit Level 2: Open
If you haven`t sold AMGN ahead of the HZNP buyout: Then analyzing the options chain and the chart patterns of AMGN Amgen prior to the earnings report this week, I would consider purchasing the $322.5 strike price Calls with an expiration date of 2024-2-9, for a premium of approximately $6.60. If these options prove to be profitable prior to the earnings...
🌟 Lumakras Breakthrough: Amgen (AMGN) pioneers cancer treatment with Lumakras, the first medication targeting a mutation found in approximately 13% of lung cancer patients. 💰 Strategic Acquisition: Amgen acquires Horizon Therapeutics for a substantial $28 billion in cash. Incorporates Tepezza, an FDA-approved medicine for thyroid eye disease, into Amgen's product...
Our portfolio is up by more than 15% in the month of November. We are strictly following Mark Minervini's Trading Methodology. Here is a quick summary: Mark Minervini's trading methodology, often encapsulated in his SEPA (Specific Entry Point Analysis) system, is a comprehensive approach to trading that emphasizes the importance of timing, risk management, and...
If you haven`t sold AMGN on the HZNP deal: Then analyzing the options chain and the chart patterns of AMGN Amgen prior to the earnings report this week, I would consider purchasing the 262.5usd strike price Puts with an expiration date of 2023-11-17, for a premium of approximately $8.15. If these options prove to be profitable prior to the earnings release, I...
Amgen / AMGN is having an incredible price jump on a 1day MACD Buy Cross. Inside this long term Channel Up pattern, the stock isn't unfamiliar at all with such explosive legs upwards as the same move happened in August 4th/7th/8th. It is a clear wedge consolidation into aggressive expansion pattern. All supported by the 1day MA50. It is not too late to buy and...
Amgen Inc (AMGN) broke above the quick Bull Flag pattern and is targeting the top of the Channel Down pattern at 277.00. Based on the 1D MACD, this is a symmetrical bullish sequence as the one that peaked in early November. That will be a major test for the uptrend as the longer the price stays high, the easier it will form a 1D Golden Cross, the first since...
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.
Recently we made a post on how $NDX would outperform $DJI being it lacked #banks & #oil & it has done this. As we have stated for some time, we're still CAUTIOUS BULL on the #stockmarket. Even after this latest fiasco. CAUTIOUS is the key word. Daily $NDX broke channel to upside AND longer term downtrend!!!!!!!!!!!!!!!!!!!! Weekly chart shows #NDX holding above...
On this chart the price is in a clear rising channel: lower band is acting as support and upper band is acting as resistance. At this time the price is going down, but it's still in the mid of the range. So the best thing to do is to wait for the price to hit the support in order to enter a long position. Target/take profit is displayed on the chart (295,87)
AMGN Amgen to buy HZNP Horizon Therapeutics for about $27.8 billion. This huge spend could trigger a selloff in AMGN Amgen stock after earnings. It`s speculative, but looking at the AMGN Amgen options chain ahead of earnings , I would buy the $240 strike price Puts with 2023-2-17 expiration date for about $2.75 premium. If the options turn out to be profitable...
Ascending triangle, clearing 52 week high. Look for fast move higher.
For a long period of time price on AMGN has been within an ascending channel This channel could be viewed as a flag of a bullflag, but we will just assume its only an ascending channel . A breakout higher out of the channel is required to continue the bull trend
2d2u on the week and making it to the target will trigger the 50% rule on the month. This may be a nice swing if it can hold and keep pushing.
Sellers have been present in Amgen , keeping this stock under the 240 zone since FEB's pop. Lot of dark pool and call option flow showing bullish signs as the stock continues consolidating and eating away supply. I think the bulls win here, alarm it for $240 as a good long idea. I'm in a starter JAN 275c looking to add more positions upon breakout...
$AMGN is one of my favorite bio tech stocks as it has solidified its place as a winner over the years. They had a bit of a slowdown and consolidation over the past few years as they didn't have as much involvement with COVID, but certainly didn't lose too much value. Watch for a 4hr close above $241.50 to send us back to $260+ over next few weeks.
on this entry we have a distribution phase now we see a support point which confirmed the testing of the climactic movement