TradingwDavid

Amgen Ready for a Rebound

NASDAQ:AMGN   Amgen Inc.
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.

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