50sma has been an important moving average for this ETF. We see 3 consecutive tests of the 50sma as resistance and a bounce lower. As we see lower highs and lower lows, the bearish trend is confirmed. I expect we fail again and test the blue line ($144.5).
AMGN looks ready to rip. Bullish crossover on the Stochastic, Super Trend is green and price closed above the 200 EMA. Looking for $230+ this week.
Hi Traders, AMGN fell after Q2 Earnings back in August and entered a downtrend down to ~200 USD. With this, it entered a strong area of support (ATH of 2018, low of Oct. 2020). AMGN then broke downward trend but then get capped by resistance at 210 USD and retestet downward trendline from above. By the end of October just before earnings it started to move up...
Interesting compare to the crash off in money supply velocity to Amgen’s delayed bull run Maybe something to do with their business model. Also compares to money supply and seems to correlate with increase in money supply dollars finding their new homes as we can see as the money supply velocity drops off drastically.
Amgn has bounced from this level 3 times before. Daily Macd is about to turn. RSI is indicating Oversold. Might go 230+
Technical Analysis 1. As you see in the chart, we have tested the 200ema 3 times in the past; and it has not trade below it since April 2020. We have made a spinning-bottom on a downtrend, coincidental with a 4th test of the 200ema. 2. RSI and OBV show a positive divergence as the bottom from 2 weeks ago (Test #3) was at a lower level. 3. Bollinger Bands give...
Amgen is a leader in biotechnology-based human therapeutics, with historical expertise in supportive care products for kidney disease and cancer. Flagship drugs include the red blood cell stimulators Epogen and Aranesp, the immune system stimulants Neupogen and Neulasta, and Enbrel and Otezla for inflammatory diseases. Amgen is one of the best positioned in the...
I have changed up how to best display projected movement. In the case of AMGN triggered a SELL on my RSI algorithm on March 19, 2021. Equities nearly always obey the signal and move down, but sometimes it may continue to move up first. I have placed two red boxes and two green boxes on the chart. The larger red box depicts all of the historical movement, from a...
Good reaction in Fibo clusters. Near strong dynamic support, makes sense to get in now. First thought is seeing this in $247 in the near future and then going back to the $258 resistance. My stop loss goes with the dynamic trendline acting as a support. I am in!
Back on October 27th I made a post highlighting a potential reversal as we approached the range lows from back in June. Over the future months the stock tested the lows, found support, and is not heading toward highs. Range highs and lows and major support and resistance areas have value because they indicate where there is likely to be heavy order flow. In this...
Amgen se dedica a descubrir, desarrollar, fabricar y ofrecer terapias humanas en todo el mundo. Se centra en las áreas de inflamación, oncología / hematología, salud ósea, enfermedades cardiovasculares, nefrología y neurociencia. La compañía tuvo una reacción positiva a inicios de mes cuando presentó una actualización de su farmaco para la psoriasis, durante el...
Price has entered the same region its last major up wave started. An earnings surprise could be the catalyst.
AMGEN, D1: Support zone + Side of Bollinger bands + Hammer
A possible 3 bar play here. Not perfect text book pattern though.
Heikin Ashi Candlesticks - not yet a green week, but encouraging long tail. 2 std dev. regression channel
AMGN just beat earning and has strong technical, so I will be going long with a price target of 242.
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!