Moby Dick, in case you missed it, the apex is in the rear view mirror (already broke out). Keep trying multiple alias man. This may be news to you but once prices breakout they accelate -- hehe

Whale,..What!? ..

All you are here to do (with your 3400 obsessive posts) is to bash AMRN, while it has steadily climbed away from your short. You, my friend have no room to talk. You have been wrong, wrong, wrong, and will continue to be wrong until your margin call forces you to cover. :)
"53% gain is nothing special'". .. LOL. Your gig is up Moby.

MobyDick,

AMRN = +32% for the month. +52% from the recent bottom and all indicators point up. That means your short position is in real jeopardy. Furthermore, it is "raining money"... if your long. Buy statin man is short. Too bad, cause the storm is intensifying and about to rain a whole lot more $$$!

Don't worry, I didn't expect you to know the difference between a rectangle and a triangle LOL!

Reason for AMRN divergence with sector:

This chart shows two distinct price patterns that clearly shows selling pressure in one (IBB) and buying in the other (AMRN).

Triangle patterns tend to operate based on their own rules, ignoring external sector or broad market pressures


Don't forget,... window dressing... :) FFS

GG: I'm here to make money... period. If what I've shared insults, offends, or otherwise contradicts the doubtful fundamentalists, well then I'm sorry. I've lurked for awhile and other than FishyFingers, no one shares any technical input. I'm a believer in the science. I too think there is a high probability that forthcoming news will launch prices. AMRN longs have heard that so many times before though, and until recently, AMRN's technical price patterns have failed to echo the same fundamental promise. FFS

Yes. LL, nice reversal pattern :)

Invest, haha, I'm not here to because of a prediction. My goal is to make $ on a great setup. I have simply laid out a point of view (Symmetrical triangle price squeeze with prices coiled at the apex) and the odds of a price breakout associated with such a pattern. I can tell you this, because I have traded this pattern many times, once prices breakout (already have), they sustain a long run (whether it is a orderly 2 steps up/1 down uptrend or gap, gap, gap)as a result of the amount of fuel (Short interest) propulsion.

I think we all would be happy (except Whale and Mog) in 1-2 months if the pps were to reach the price objective of 5.83.

By the way, watch for "window dressing" end of month operations tomorrow. Could push it through 2 :) FFS

AMRN has diverged from the Biotech Index.

Jeerio -

Really? That's interesting because there is a distinct correlation divergence between AMRN and IBB. Why is this?:


The IWM(Russell 2000 small caps) is also divergent with the Nasdaq Index:


Big cap stocks are getting pricey and are losing their luster in terms of performance (ie AAPL).
How are fund managers going to continue to beat the market?.. By scraping through the junk on the bottom (small caps). Stocks that have been heavily shorted – like AMRN - that have price squeeze characteristics are being scooped up. The divergence seen in these charts portrays that.
AMRN has gone from a short interest ratio of 27 two weeks ago to a current ratio of 18. As Sam81 pointed out with the drop in short interest, clearly shorts are covering, volume is rising and the squeeze pressure remains. We’re up 53% gain from this year’s low.

With the continued pressure to cover, AMRN won’t break support until the short interest is exhausted. Until then, I plan to add at rising support. FFS

what do you mean?

I hope not. Just added as prices squeeze along the up trendline:

Jeerio:

"All boats rise and fall with the tide,"....even bios. On the day of a fed announcement, if gold is up, dollar down then broad market rallies, especially bios because it indicates a fed that is too accommodating. Of course the opposite is true too.
So yes, they do indirectly impact what happens to bio on the day of the fed announcement. Seems like I already posted this concept. Read it thoroughly next time before spout off in opposition.

Jeerio: The Gold/dollar correlation was directed at the general market action today in response to what the fed will or won't do with respect to rates (not surprised you missed that since you're so bent on "regression to being mean"). If they tighten, the broad market falls out of support and biotech gets killed. If they're dovish, the most speculative sector (biotech) catches a nice bid. That's how the market works, not how jeerio works.

Yesterday was a buying opportunity for biotechs - including AMRN.
Gold is up, dollar down,...The powers that be (those with inside knowledge) are pricing in “accommodation.” I don't think the Fed will upend the apple cart at this stage of the game - especially since AAPL disappointed after hours.

AMRN +29.37% for the month.
If the S&P 500 index does not accelerate up from its narrow range the past few days, we could suffer a spike down. Perhaps the most speculative corner of the market: Biotech stocks are telegraphing that by yesterday’s mark down?
Don’t forget however, we are closing out the month. Fund managers will paint the tape with the winners. In the DRUGS goup, AMRN has sharply risen near the top by rising 29.37%:


MobyDick, man, that is a nasty hit to your shorts. Don’t forget all the newly formed technical support levels. And don’t forget the “window dressing” on the last day of the month ;)
I never realized this, but you’re a FISH too. :) FFS

My math wizard friend programmed a way to show daily moving averages on intra-day charts. I love how it enables a view of price action relative to these averages. The AMRN 30-min. chart below shows a golden cross (20dMA crosses up through the 50dMA) followed by a series of higher lows ending in an upward sprint to where we are now at 1.85:

I like the progressive increase in up volume as prices have trended up.

NoFunNoFun: Bear raid at resistance. What’s so wrong with that when we’re on the heels of a 53% run? This is the stairway to heaven baby; 2 steps up, one down. You and Jeerio act as if AMRN doesn’t go straight up to 5.83 (target objective) in 3 days, then the pattern’s failed. Wrong. It has to pullback form overbought extremes in order to sustain the grinding squeeze on shorts.

Do you know how silly you both appear, bashing every little word Fishy and I write? AMRN
has sliced through key resistance levels with relative ease the past week. Now the last hurdle is overcoming the 200MA. So far this resistance has held. Once it retests previously broken resistance (now serving as support), we’ll likely see a spirited bounce to back-kiss the apex goodbye.
What will you both say then? 70, 80,90, or 100% is not enough because it's down 200% with a doubled down position?

Neophyte:

Nope, wrong. Amrn's stock is in the jaws of a price squeeze:

Has anything really changed adversely because we bleed off a little bit of our overbought condition today?

Jeerio:


Jeerio:

Exactly, good point. Why? Because we are in a price squeeze with a short interest ratio of 27, and a symmetrical pattern that has resolved up:

P.S. I made it extra "pretty"

Because the 200MA appeared to be rejecting higher prices,.. until late in the session.

Mog, FF is right, it's already coming true. Since you have been saying, "if you keep saying it long enough "eventually it will come true," the stock has appreciated 53%!

By the way, tell your hedge fund buddies thanks for lighting the fuse. This little green box has a ton of gunpowder in it:

Squeeze play on the 30-min. Close at the high?

Jerri, Why does "why" have to matter? TA (all forms) are used to prognosticate what might be around the corner. I have laid out my point of view regarding AMRN stock.

As the famous President once said, "There you go again." Why does it "always matter?" I've got news for you, if you want to be successful trading, the "speculation" needs to occur before, not after the fact.

Oh, ok. Glad to know, LOL. How many shares of AMRN are you short? Who cares if you can't find a "why" regarding a 43% run, other than it might be correlated to the Biotech sector - which by the way - also has a high short interest ratio and yes, the squeeze indicator for this chart also flashed a buy at about the same time (I posted that).

As for the low AMRN volume. It is NOT because "a powerful trading force has moved to the sidelines in terms of shorting." Shorts (like yourself, and other hedge funds) have not covered en mass from the previous accelerated price drops (likely because the pps remains below the 200MA). Now as prices have coiled into the apex of a symmetrical triangle (something you discredit) they are trapped like rats on a sinking ship. The low volume is always characteristic of this pattern; one of the reasons why it can be explosive. This pattern has behavior that nearly always diverges from the general market or even its own industry group, but when it synchronizes with those other sectors, prices can melt up even faster/further and sustain a bull run that will cream shorts.

Jeerio, I have shared a unique set of price/pattern/indicators on this board as it relates to AMRN, including the ‘squeeze indicator.’ You oppose nearly everything I post. I started posting when AMRN’s squeeze signal fired at 1.32. Since then it has rallied to 1.90, (+44%). Take it for what it’s worth instead of trying to over define what a ‘short squeeze’ is by posting that it can’t be so unless we see +100%.

FF,

I don't think too many new shorts have entered positions lately but you never know. The low volume rise towards resistance could have suckered them in.
By far, most positions were established in the areas where prices accelerated to the downside, marked by yellow boxes in the chart below. Some have probably covered, buy the majority remain short and probably won't capitulate until the 200MA either gives or holds. It will be interesting tomorrow (fishy fingers crossed). FFS

Jeerio, you obviously don't know much about trading or you would know what a 'hard squeeze' is and you would be familiar with a squeeze indicator (although mine is proprietary). It is constituted by the interplay of two indicators: Bollinger Bands and Keltner Channels. When the former traces inside the latter and then subsequently breaks out, we have a 'squeze breakout'
The AMRN daily chart below shows the squeeze BO before the Baker Brother's acquisition and then again recently prior to breaking out of the apex. you can see how reliable this indicator is - especially on th eve of news events (notice the volume surge)!

CPXX and ADMS both surged to telegraph (see squeeze - purple boxes) a big move:



AS for RWLK, it is so thinly traded (110k avg. vol) but it in fact showed a deceptive selloff on the eve of big news (typical manipulation as a result of thin volume)

I hope from these illustrations, you once and for all realize you don't fully understand what your contending. FFS

The 200 Day Moving Average is a BIG deal!
A strategic battleground of sorts, the 200dMA determines the general trend. We have already won one battle by breaking through the tendline. Now we will win the war if can take out the 200.

Many dynamics are in play:
1. The Squeeze. The low volume price tightness recently caused the Keltner channel lines to converge inside the Bollinger Bands producing squeeze conditions.
2. SIR. Short interest ratio is extremely high at 27 due in part to the above plus a high short float.
3. Symmetrical triangle. Prices have broken out of the apex on strong volume.
4. 200 dMA. Sitting on the 200dMA, the trend is poised to officially reverse.
5. Group strength. The biotech index has traced a cup and handle formation and is on the verge of confirming a breakout.

Jeerio, a poster who contends that ARMN is not in a short squeeze and won’t rally prior to the announcement said this:

I totally disagree and this is why:
From short squeeze.com:

AMRN is on the verge of this very thing happening. The long and short term charts couldn’t display a better setup:
The first chart is AMRN (weekly):

Note the price tightness, PRIOR to the Baker Brother’s acquisition, and then recently as a higher low occurred. Also note the breakout proximity to the apex. Friday’s close broke the down trendline. As the pattern unfolds further, momentum should easily force prices above the prior trading range (magenta highlight), including the 200dMA. The pattern target objective is $5.89.

The next chart is AMRN (daily)

We see in the cut-out, the first surge of volume on the trendline break (bar A). Bar B opened above the 200-day Moving Average and settled to close right on it. This is one more significant development:

Note the volume each time the price closed above the 200dMA (green highlights). The 200-day moving average will play a pivotal role in this short squeeze rally. Consider this from Investorpedia:


In my opinion we have already had an 'ash' eruption of this volcano setup. A breach of the 200MA will blow the top off. Those of you who doubt these technical forces can combine to surge AMRN’s stock price in the absence of market moving news are about to be shown the power of a squeeze. :) FFS

Bobcat..

Oh man that sounds awesome. That is a fantastic fishery.
Let's go fishing once AMRN delivers. After all, we are invested in 'fish oil' :)

Just to clarify sensei: Most of the stocks in the IBB index were shorted till there was no tomorrow during the recent correction. The IBB has a whopping 7.90 short interest ratio.

Big money is rotating into this sector as shorts are being squeezed. The technical analysis shows this. This is not occurring because the index announced some market moving news. It is purely technical driven and so is AMRN’s breakout.
Of course there are correlative sympathy moves within the group, but each has its own unique pattern that impacts the short interest ratio (fact, not my opinion). AMRN’s is by far the most unique right now and will thus likely outperform the group (IMO). AMRN will move significantly before the interim news and yes it will explode up once rumors fly - all before the 'announcement'
Don't get too tangled in your words.

Jeeri, ..

Can't you just say, "in my opinion?" Why do you feel the need to "contend?" I would think opposing views are welcome on this board.
So you think there's nothing to the squeeze play technical breakout, big deal.



Since you prefer contention, please come clean and admit you were wrong after the tape proves it. FFS

God's country. Henry's has some huge hybrid bows. We have a place on the Henry's Fork (Pinehaven). I grew up in Blackfoot. No place I'd rather be than fishing in the Idaho-Montana area (Hebgen, Madison, HL, HL outlet, etc., etc.). MS Bobcat? :)

Ever wonder exactly how hedge funds rip us off? Take a look at this video interview with Jim Crammer explaining how his hedge fund created illusive deceptions for investors. WOW.
How the Stock Market is Manipulated

HDG – I’m from Idaho and the king of the road is a big truck. ‘HD’ stands for “Heavy Duty.” I would characterize your board role as heavy duty:)

I analyzed all of the Biotech industry and sub-industry components chart by chart. This sector is getting some serious attention right now, contributing to the dominant performance of the Russel 2000 index compared to the Dow and Nasdaq. There are some very nice setups that echo that of AMRN’s reversal mojo: ARIA, ALKS, AMAG, BIIB, MEOH, VRX, and the indexes – IBB, LABU. Other non-biotech stocks that mirror AMRNs symmetrical triangle pattern: ARIA(weekly), SEDG, SINA).

No doubt the group’s strength is contributing to AMRN’s technical breakout. Shorts are taking profits as funds have now turned to this lagging post correction sector. The rotational activity will only help fuel AMRN’s new born bull-run.

Fellow longs, in the words of Tom Cruise as Jerry Maguire, “Today, our little project..our company had a very big day,.. a very, very BIG day. But it wasn’t complete... Wasn’t in the vicinity of being complete….”

Today seemed to be just one small step for Trader Joe (Raf, I get what you are saying), but it was one giant leap for AMRN stock because we had a confirmed upside resolution to this triangle pattern (a small eruption of ash). Now it must follow through. I expect it to take out the 200dMA and then settle right on it or slightly above (1.89-1.90) to close out the week. Next week it pushes through $2.00 and continues to climb (spew lava). The squeeze is on!

2 charts to feel good about tonight:
AMRN Weekly:

There isn’t a better looking reversal pattern in the all stocks universe right now.

AMRN Daily:

Note the bullish green candle (O’Neil calls it a pocket pivot breakout). Today traced the first one we have seen above trendline resistance – a very bullish statement.

Most of the recent short volume is now underwater. Some will choose to ride it out and hold on to their shorts. If so, we will see margin calls further fuel the up-trending pps next week.

Cheers!
FFS

Raf! Raf!...bad dogma!

"So these aren't "solid predictions"???" Donno, but it's 'raining" :)

They are covering! The pros are already players. Look at all the downside volume highlighted below.



Until we see at least an equivalent amount of green volume bars, the volcano will rumble with great pressure, building for a blow out. Don't hang on to your shorts -- hehe :)

"April showers brings May Flowers"...

Be patient my friend.... :)