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
Amgen Inc. has been trending up since December last year. We can observe that price has recently reached a higher high at the resistance level of 258.00. Therefore, we are only looking for buy entries for this stock. 258.00 is a very strong resistance level; we can see from the past that prices have rejected more than 9 times from this level. After rejections,...
AMGEN INC in Weekly Timeframe Correction from November 2019 l....this correction expected to end in 6 month....only buy after breakout which is above 230 on a weekly Closing basis....after Breakout Stock expected to run for target 400-485
Look at these Levels and how it works! If we just use such places for trading you don't need to make a lot of trades per month. I will post more such ideas with stock instruments if this post will get a lot of likes. Before to trade my ideas make your own analysis. Thanks for your support!
AMGN has a Flat Top Formation that is breaking to the downside during earnings season. Stocks with weaker earnings are under High Frequency Trader triggers to the downside. The weak run up reveals the large lot selling at this level.
AMGN formed a tight short-term Symmetrical Triangle before running up on strong momentum, instigated by Professional Traders setting up for High Frequency Trader action. AMGN moved through technical resistance with ease.
The best entry point to Short Positions = Short-Term / Chart 1 Day