The analysis of the stock you mentioned (AMGN) Daily Frame
suggests the presence of a rising wedge pattern, indicating a potential price correction after a false breakout. Here’s a breakdown of the points mentioned:
Rising Wedge Pattern: This type of pattern typically appears in bullish markets, but it can turn into a bearish reversal if the lower boundary of the wedge is broken.
False Breakout: A false breakout occurs when the stock briefly exceeds the upper boundary of the pattern but fails to sustain the upward momentum, leading to a price correction. If the lower boundary of the wedge is confirmed to be broken, this could signal the beginning of a downtrend.
Breaking the Rising Wedge: A confirmed break of the wedge suggests that the upward trend is over or may be in the process of reversing into a downward trend.
Sell from the Next Session: Based on this technical analysis, the plan is to enter a short position (sell) with a stop loss if the price rises above $338.5, which is identified as the upper resistance level.
Price Target: The suggested support levels where the stock could potentially drop to are between $213.64 and $203.
suggests the presence of a rising wedge pattern, indicating a potential price correction after a false breakout. Here’s a breakdown of the points mentioned:
Rising Wedge Pattern: This type of pattern typically appears in bullish markets, but it can turn into a bearish reversal if the lower boundary of the wedge is broken.
False Breakout: A false breakout occurs when the stock briefly exceeds the upper boundary of the pattern but fails to sustain the upward momentum, leading to a price correction. If the lower boundary of the wedge is confirmed to be broken, this could signal the beginning of a downtrend.
Breaking the Rising Wedge: A confirmed break of the wedge suggests that the upward trend is over or may be in the process of reversing into a downward trend.
Sell from the Next Session: Based on this technical analysis, the plan is to enter a short position (sell) with a stop loss if the price rises above $338.5, which is identified as the upper resistance level.
Price Target: The suggested support levels where the stock could potentially drop to are between $213.64 and $203.
액티브 트레이드
it has started its journey be caution
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.