Rationell

AMGEN a safe buy?

Long
NASDAQ:AMGN   Amgen Inc.
AMGEN INC seems to be a solid buy for a +30% move to the upside within 12 month. So not a super exciting play. But never the less I'll share it with you. We had a productive EWT a-b-c like movement to the downside as a correction. We have bounced on the multi year (since 2017) support trendline (green) and should see another test of the ATH within next 12 months. Stop loss at the green support. Or maybe a false break to test the fib 38.2? Anyway should be decent risk reeward in this trade.
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