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Monday, March 18, 2019 7:52:53 AM
Back in December when y'all were in a deep depression, I shared this JAZZ vs AMRN comparison chart that projected a 3-6 month time frame throughout which a dip (from the binary high) to the 50% retrace would occur (B), followed by a challenge of the high (C).
Now, here we are poised for a new high (D).
Previous AMRN chart:
Current chart of AMRN compared with JAZZ:
Clearly this chart proves that I was 'dead wrong' LOL.
Also, for those worried of a 'sell the news' repeat, take a look at the MACD slope difference. Now vs then we have momentum on the rise, 20- and 50-day moving averages sloping up and price that is sitting on an up trend line. Completely different, more risky setup for bears to do what they did last Nov.
FWIW, I also shared a comparison with CPXX, the chart of which showed that once the binary high was taken out, a buyout occurred. Currently AMRN is at that stage. Will this comparison chart hold true for AMRN as well?
Recent AMRN News
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM
