Amgen has been cosonlidated in this bulish trend for more than two years. The author observed that the buyers were struggling to prop it up even more to a further breakout. AMGN is likely to fall onto the psychologcal line of 210 and a furthr space down to 200.
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.
AMGEN Inc AMGN american stock looks attractive after a strong rally, waiting for a pullback to weekly demand imbalance around $178 to buy the underlying stock. We don't need any fundamental analysis on a stock to take a trading decision but if you are interested, Amgen AMGN has been a laggard. Amgen's slump had to do with the stocks slowing growth outlook...
AMGN down to $194 in 3 - 4 days, SHORT. Based on previous chart pattern, it looks like this is the setup. MACD is carousing over-down on daily. Every time this happened in the past we had a nice slide down in 3-4 days.
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.
21-Jun Investing strategies by pretiming Investing position about Supply-Demand(S&D) strength: In Rising section of high profit & low risk Supply-Demand(S&D) strength Trend Analysis: In the midst of an upward trend of strong upward momentum price flow marked by the temporary falls and strong rises. Today's S&D strength...
On a graphical level, a bullish divergence has formed between the price and the Commodity Channel Index (CCI). A close above the black trendline will give the entry signal (long) on Amgen. First target area $ 179.65/182.47, while the stop loss below the last low ($ 168.44). I leave you free to decide the level on the basis of your money management.
I'm buying AMGN at long term support. There is still a high chance of a phase 4 hyperwave that will take this much much higher. S/L 170
I believe this is a confirmed double top for AMGN, which is the end for its nice run up that began with a double bottom.. I will look into this stock after a $18-25 pull back...
If in monday the price break the support so it's starting phase 3.
The target price of the current exchange rate is around 231 usd. We expect an ABC waveform correction from the level. The endpoint of this correction is a D1 ATR axis around 190 usd. There is a further rise in the level of this level.
AMGN pretty good breakout point. Nice riskreward for long entry. holding Period : 3 to 6 Months
Iam waiting to get a pullback to get short on this baby! 195.80 is a good price to go short all the way to 180
Short AMGN.. 170 Puts expiring next week! We went up for the last 2 days on low volume. does it mean that they are no buyers at this price?
The best entry point to Short Positions = Short-Term / Chart 1 Day