Good fundamental. At 145.28 resistance zone, seems like a Wave 2 retracement. Waiting for bullish candle/pennant breakout for Wave 3 confirmation, or resistance zone accumulation for a BUY.
AMGN has deviated outside the inner channel into extreme ends of what would be considered to be the sides of bell curve. Short but be cautious. 1st PT around 165 if break then 2nd PT around 144.
As we can see through price action that price is in correction price also formed a flag pattern hence confirming the downward move. strict stop loss at 169. one should also see for some sport at the support zone which is quite strong.
confirmed sell signal 1st target 165.09 2nd target about 149 stop at 172
AMGN, PUT when price break 168.74. The first target is 164.75. The second target is 160.40
A wedge has been forming. A breakout above $165 may be a possibility
Horizontal movement this stock looks good for swing and position trades. Or as an option trade straddles and strangles. However one interesting aspect is that the OBV is in a trend upward, precluding an long run trend.
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 High volume nodes and POC labeled.
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