Amgen may fall to 291.00 - 298.00

Our pivot point is at 332.

Our preference

The downside prevails as long as 332 is resistance.

Alternative scenario

Above 332, look for 344 and 351.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 325.2935 and 326.205).

Supports and resistances

351 **

344 *

332 **

327

321.01 (USD-last)

305

298 **

291 *

284 **

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