Dec. 25 at 1:24 PM
Actionable Trade Alert for
$AMGN:
Market Context: Currently,
$AMGN is trading at
$333.96, showing a neutral RSI at 43.93, indicating potential for upward movement as it is below the 50 threshold. The stock is above the 30-day MA of 332.66 and significantly above the 50-day MA of 320.66, suggesting a bullish trend in the short term.
Directional Bias: The recent 60-day high of 346.38 indicates resistance, while the low of 283.0 shows a solid support level. Given the current price action and the RSI, we anticipate a bullish reversal.
Trade Plan:
- Suggested Entry:
$335.00
- Stop Loss:
$325.00 (risking
$10.00)
- Take Profit Targets:
1.
$345.00 (Target 1: 2.98% ROI)
2.
$355.00 (Target 2: 5.96% ROI)
3.
$390.00 (Target 3: 16.73% ROI)
This plan provides a risk-reward ratio that aligns with our target of at least 17% ROI on the third target.
For more insights, visit https://privateprofiteers.com.
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