Amarin Corp Plc (AMRN)

[Anonymous Fish]

The support remains at precisely 13.56 on the monthly charts. The fact it has fallen below that level on both the daily and weekly time-frames is bearish on those time-frames.

A closing price level or above 13.56 yesterday would have been bullish going into next week, but the close below at 13.23 now brings the 13.00 stop losses and high 12's very much into play next week.

If it closes end of the month below 13.56 the bear triad is complete for me on the daily, weekly and monthly time-frames, and I'll be running for the hills on any decent rebound back up over 15 in January . But as long as it closes level or above 13.56 end of December I see the gap between 18-19 getting filled, with the bull move up continuing to the 23's.

My guess is that the 13.00 stop losses get taken out next week and we close the year above 13.56, but not by much.