Amgen Trading Analysis (13/07/2023)

#AMGN
 

The overall trend is downward. The stock is traded in the range between 365 and 135 ЕМА. There is bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought state. The entry point at the pullback B is forming.
 

Trading idea:

Sell at the formation of the descending wave structure, where the A-wave breaches the sloping channel of the ascending strcuture.

Stop-Loss: 227.50.

Target price level: 218.80, 216.00.


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