Hubert Senters here.
Let’s take a look at AMGN. Little biotech firm. Looking good here. It does have a little overhead resistance. It’s going to have to deal with but overall it’s got a really good bullish chart set-up here so you can see that one, two potential and triple top here. I don’t think it’s going to have problems taken out $209-ish on its bid to take out $220, $230 or maybe $240.
So let’s zoom in here and you can see actually let me do a longer term chart here. Yep. So it looks pretty good. I like it. Daily chart. Now, I’m going to zoom in here and you can see that it did a trade and close above the cloud and then pulled back for a few days, got into the cloud a little bit but not much.
It has been bouncing now the cloud, bouncing now the cloud then up, up, up and now taking out its most recent all time new high. Probably going to take out $210 add it to your things of you won’t get long in because markets down the day and this bad boy’s going up.
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Good luck. Hope it helps. See you on the next video.