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!
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...
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.
What happens when a car keeps going forward, but slows down? Same principle. Here is a quick summary about market cycles: www.investopedia.com If 200$ was indeed the top, what we should see next are lower highs. And a long bear market. It has already been going up with less strength for a while. Retail investors getting dumped on. Well I say retail...
Stock tanked last year because hep b trials killed a chimp, so they shelved project to focus on Amgen and RNAi program therapies. Buy half now, buy the other half on a pullback. Fucking beautiful chart. BEAUTIFUL Only short to medium term risk is dilution, which is a very real possibility . The buying is just SO strong though, wow. BEAUTIFUL, like, it's...
Amgen is a good performer the latest weeks. We see that indicators (Elliot Wave Oscillator, not given in this chart) give us positive and negative signs. First of all the power of the bounce becomes weaker. On the other hand there still is a gap and Amgen is trying to fill this. If Amgen breaks the declining blue line, the power of the uptrend increases. Above the...