Amarin Corp Plc (AMRN)

[Anonymous Fish]

Thanks for the message. I'm a purist when it comes to price gaps so i'm still very wary of that gap between 16.12 - 16.28. The story obviously unfolds day by day, week by week, and month by month so still too early to tell what will happen in January yet, but with what i currently see im thinking that its taken down to fill that gap and then even further down to the $15s and maybe even briefly to the $14s.

The volume has to do with the decent amount of selling that occurred down there on the 13th and 14th - weak hands that need to be shaken down - and i'm fairly certain a good amount of them are still around.

I'm looking for a close at or above 20.83 next week for the end of the month. That would be a very bullish signal for me with this stock for 2019. I'm looking for a close above 23.34 end of year then. If we get that I think you're correct and it will continue on up without filling the gap. I have my doubts though and think it fails to overcome the resistance around 23.

We shall see. Best of luck however you're trading it anyway.