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AMGENAMGENAMGEN

AMGEN

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1AMGN trade ideas

W PatternsAs a rule, when I see a crooked W, I steer clear and watch it if it is a security I want. The impulse/long leg/is to the downside whereas a bullish crooked M pattern, the impulse leg is up. We are all different. Crooked Ws are not always bearish, but it just gets too complicated for this post so I will stop there. For the most part, a W is bearish. I have noted a W will pull to the middle, or the hump, or point in the middle of the W. I marked it with a green X. Does this always happen? NO. Can it go further than this point or not as far? YES. Just a guide for me, and we are all different. Does the same exact thing happen twice in the market on a regular basis? NO LOL Often a Double Bottom will have a W associated with it. I often wait for price to come back to this point and reassess if I am not already in the security when I see it. You can do fib levels to figure out which bearish harmonic pattern the W represents if you wish to hang on to the last leg up of that W, then sell and catch it again when it hits another entry level. Ws are usually bearish but if you know your patterns, it is possible to go long on the last leg up of the W. No recommendation Tomorrow is another day (o:
NASDAQ:AMGNEducation
by lauralea
2
Bearish on Amgen. AMGNImmediate targets 211, 200,186. Invalidation at 279. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
NASDAQ:AMGNShort
by Rykin_Capital
$AMGN bouncing off MT support (4/5)Conviction: 4/5 there may be near-term pullback for better entry at support General Thesis bounce from medium-term resistance (2017) although a bit of indecision around resistance line Weekly RSI showing good bounce near historical support Growth Margins high but declined in 2021 growth is low but around 50th percentile compared to self Value P/FCF is high: about 80th percentile P/S is below average: about 35th percentile Fundamentals/Balance Sheet debt/asset ratio good: below 1 quick ratio good: above 1 Potential Risks expensive market...
NASDAQ:AMGNLong
by asdf098
AMGEN a safe buy?AMGEN INC seems to be a solid buy for a +30% move to the upside within 12 month. So not a super exciting play. But never the less I'll share it with you. We had a productive EWT a-b-c like movement to the downside as a correction. We have bounced on the multi year (since 2017) support trendline (green) and should see another test of the ATH within next 12 months. Stop loss at the green support. Or maybe a false break to test the fib 38.2? Anyway should be decent risk reeward in this trade.
NASDAQ:AMGNLong
by Rationell
AMGN with nice setupHi 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 with significant increase in volume. This weeks retest of supportlevel at 210 USD was perfectly in line with fib levels. So by now the short term trend tends to be upwards, we have retestet trendline and support level and earnings behind us. Maybe ex-date can ruin this setup, but to be safe, an entry could also be done after passing last high at 219.26 USD. SL slighty under supportlevel of 210 USD. First target is trendline and maybe ATH. Cheers
NASDAQ:AMGNLong
by chartsignale_san