Today we will analyze the stock AMGEN (AMGN.SW) for internet stock trading in the SW stock market,
Stock Technical indicators to notice in AMGEN (AMGN.SW)
1- Last bullish trend was from 66.90 $ (11/13/2008) to 69.20 $ (11/14/2008) a 2.30 $ move 2- The current bearish trend started from 69.20 $ at 11/14/2008 and is currently trading at 65.00 $.
3- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
AMGEN (AMGN.SW) Short term stock chart patterns for internet stock trading :

4- The Stock formed a 13.500 $ height triangle which was broken down at 67.500, target of the pattern is 54.000.
AMGEN (AMGN.SW) Mid term stock chart patterns for internet stock trading :

5- The Stock traded in a bullish stock channel identifed by support at 59.500 and 53.100,resistance between 73.000 and 64.950 which was broken down at 68.250 in higher than usual volume.
AMGEN (AMGN.SW) Long term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 53.100 and 52.450, and is currently supporting at 57.162.

Stock Trading Conclusion:
AMGEN (AMGN.SW) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 65.99, 66.60, 67.10, 67.60, 69.20, 69.54, 79.77.
Stock Support levels : 57.16,.