Amgen AMGN/USDT on KCEX holds 443 after Thursday's push to 451

AMGN/USDT, the Amgen stock perp KCEX opened on Oct 22, is consolidating below its first-day high. Data from the KCEX contract API around 12:50 AM ET Sunday; the chart is the Oct 22 evening snapshot near 451.

The underlying

Amgen is a US biotech with drugs in bone health, cardiology, oncology and obesity research. The perp follows the share via an index.

Contract specs

• Contract size 0.01 AMGN, up to 25x
• 0% maker, 0.01% taker
• Funding every 8 hours, now 0%

Where price sits now

Last 443.25, index and fair 443.09, up 0.93% on the day. The 24h range is 438.05 to 446.22 and bid/ask is 442.41/443.78. Turnover is only about 4.8K USDT and open interest is about 23K USDT.

Plan and invalidation

Neutral while it sits between 438 and 446. A close above 446.22 retargets 451. Losing 438 turns it into a lower high under the first-day top. Volume is very thin this weekend, so the spread alone costs you. Limit orders only.