Amgen may fall to 289.00 - 296.00

Our pivot point stands at 330.

Our preference

The downside prevails as long as 330 is resistance.

Alternative scenario

The upside breakout of 330 would call for 342 and 349.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 327.1105 and 327.2962).

Supports and resistances

349 **

342 *

330 **

325

319.66 (USD-last)

303

296 **

289 *

282 **

Number of asterisks represents the strength of support and resistance levels.