Amgen is Forming a Cup & Handle
Keep Amgen on your radar. It has formed a rather large cup and I've measured the conservative parameters for the cup height.
Conservative price target:
280
No position yet but I'll be watching the daily candles and volume to snipe the entry when it reverses.
Stay tuned!
Conservative price target:
280No position yet but I'll be watching the daily candles and volume to snipe the entry when it reverses.
Stay tuned!
Note
*Conservative price target: 280USDNote
No position yet. Indecisive price action. Good hammer candle on Friday but could be setting up a bear flag with the large red candle from Thursday as the flag pole. Patiently waiting.
Trade active
Long @ 239! 1/2 position. Just at the 50DMANote
Trade closed manually
Sold at break-even end of day. A close below the 50DMA and low of the day is not bullish. Will look for potential re-entry post-earnings if it can reverse and close above the 50DMA.Earnings are here as well adding another layer of risk.
Better to be cautious and miss a trade then be wrong and pay dearly for it on a potential gap down should it miss. No gambling.
Trade active
Re-bought 1/2 position @ 236 just now!Trade active
Sold half @ 240.15 so 1/4 of max remaining.Note
Rebought 1/4 position @ 233Holding 1/2 position @ 234.5
Note
Added 1/2 @ 230.Max position! 232.25 Avg
Note
Added 230 ATM puts on the whole position to hedge. Close below 230 opens up the door for low 220s (potentially).
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.