AMGEN - AMGN
Monthly chart shows a 3 wave abc corrective pattern into the marginal high around $87. Currently price is trading below all key moving averages and below key LIS and previous support of $52.00. There is no buy signal/pattern at this time. There is however, slight regular divergence created. A Lazard analyst upgraded this stock from a "sell" to a "hold". No clear bottoming price action evident yet on this timeframe. Therefore, I still think this is a sell until I see evidence of buying activity.
Weekly chart shows price below all its key moving averages. No buy signal/pattern in sight.
Daily chart shows price below all key moving averages. There is however, regular divergence being created on this last move down. No buy signal/pattern evident yet.
No comments:
Post a Comment