Watch the Descending Triangle on AMGN closely. Trade with professional charting tools.
Bearish continuation pattern.
Sideways movement between parallel supports.
Consolidation. Can break either way.
Bearish continuation if preceding move was down.
AMGN is showing interesting structural developments at $335.87. Currently at $335.87, the asset is showing upward momentum (1.3%). Algorithmically, a Bearish Flag structure has completed. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $318.12, targeting $247.88 with support near $336.5 (R:R 3.82).
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