Thursday, November 22, 2018 10:22:15 AM
This is a 9 day chart...
Let's pretend it is a daily chart for a minute, what does it look like?
IMO it looks like consolidation. Narrowing bollinger bands and EMA ribbon. Note that the ADX remains largely positive with no major accumulation on the OBV since the index funds entered in late 2016.
Here's the same chart for AMRN as of August 15th of this year. Note that the EMA bands are more dispersed and the 200 (EMA of 9) is pretty much flat. Stock price is trending up.
Note the change in institutional holdings:
12/31/13 .5%
12/31/14 18.6%
12/31/15 17.7%
12/31/16 35%
12/31/17 36.7%
06/30/18 39.3%
09/30/18 46.6%
Look at the current chart - interesting that the gap up made the 2011 buy and hold bunch whole...
Another interesting note - the same chart for NVDA - but first look at the 80+ percentage ownership in 2015 that has DECLINED as the stock has gone up. It was close to 90% at the end of March 2016 and currently the figure is 68.65%.
Let's pretend it is a daily chart for a minute, what does it look like?
IMO it looks like consolidation. Narrowing bollinger bands and EMA ribbon. Note that the ADX remains largely positive with no major accumulation on the OBV since the index funds entered in late 2016.
Here's the same chart for AMRN as of August 15th of this year. Note that the EMA bands are more dispersed and the 200 (EMA of 9) is pretty much flat. Stock price is trending up.
Note the change in institutional holdings:
12/31/13 .5%
12/31/14 18.6%
12/31/15 17.7%
12/31/16 35%
12/31/17 36.7%
06/30/18 39.3%
09/30/18 46.6%
Look at the current chart - interesting that the gap up made the 2011 buy and hold bunch whole...
Another interesting note - the same chart for NVDA - but first look at the 80+ percentage ownership in 2015 that has DECLINED as the stock has gone up. It was close to 90% at the end of March 2016 and currently the figure is 68.65%.
In Peace, In War
