Trading idea for Amgen Inc. (NASDAQ)

Amgen Inc. (NASDAQ)

#AMGN

The trend is bullish. A truncated bearish wave pattern concluded with a breakout of the trend channel. The stock is trading between the 365 EMA and the 135 EMA. The Awesome Oscillator shows bullish divergence, while the Stochastic Oscillator indicates oversold conditions.

Trading idea:

Buy on a breakout above 404.67.

Stop Loss: 395.90.

Target levels: 413.00; 424.55.