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.
Shares of Amgen may be forming a bearish head and shoulder pattern. In the case the neckline is broken, price could fall within weeks to below $150.00. However we must take into account that Amgen share price is not currently in a bearish trend, but a long bullish one. This is a pattern formation that is being put on watch, in case it breaks. Once the share price...
I don't usually trade biotech, however, AMGEN is looking like a buy to me. Showing rejection from the 200ma with a bullish engulfing bar.
RSI was previously oversold at the 200ma along with the Stoch.
Strong fundamentals. One downgrade from Argus but most ratings still targeting 188-198.
Stop - 167
TP1 - 188
TP2 - 200