Amarin Corp Plc (AMRN)

[HerbieRay]

Short covering or genuine buy-in interest? We'll see. At this moment 1:05pm cdt I like it regardless.

For those not interested in or who poo-poo technical analysis, stop reading.

For those interested in such things:
Interesting that although we broke the old 9 month uptrend support line on 5/3, we held at the pervious Jan 31 low close @ $2.87 which means that the swoon does not technically count as a "breakdown" of the uptrend.
Now that uptrend line (right now at $3.11) should be tested.

Actually I put more faith in these support lines, than moving averages, Fibonacci, MCAD, etc. because the parameters on those can be too easily and arbitrarily adjusted to fit one's bias and are therefore meaningless to anyone else's analysis and observations. The previous bottoms, uptrends, etc. are more definitive.
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Nothing else to post about so I thought I would ramble while I had a break here at work.

HR