Hi traders,
let's take a look at the AMGN chart.
Price is retesting the previous all time high, which we expect to act as the resistance therefore, before the price continues the uptrend we are expecting pullback.
RSI has entered into overbought conditions.
Entry. stop loss and 2 targets for the short position are shown on the chart.
The idea is purely speculative based on technical analysis.
let's take a look at the AMGN chart.
Price is retesting the previous all time high, which we expect to act as the resistance therefore, before the price continues the uptrend we are expecting pullback.
RSI has entered into overbought conditions.
Entry. stop loss and 2 targets for the short position are shown on the chart.
The idea is purely speculative based on technical analysis.
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