The AMGN short still looks good, in fact even better than before however I have modified the first target to only the horizontal support at 80.50. I had previously listed T1 as the first tag of either the horizontal support or the uptrend line (as shown in the original chart below) but with the recent market bounce, the profitability of this trade has been “temporarily postponed”.
As you can see from the updated (2nd) chart below, AMGN is now at that primary uptrend line (bottom of channel) but basically where the trade was entered so I am revising T1 to the 80.50 level and also adding AMGN as a new setup or add-on to be triggered on a break below the uptrend line. T2 remains 71.50 and is my preferred target at this time.
