Amarin Corp Plc (AMRN)

[FlyFishingStocks]

The stock is in a colossal price squeeze. Don't count it out yet. It is going to break hard, up or down. The strongest of moves are always preceded by these squeeze conditions. The question is up... or down? Odds favor up IMO, base on:

- bears failure to violate 50% retracement
- buy orders are absorbing sell orders above support - despite the very weak biotech sector performance.
- volume / momentum in favor of bulls.
- price behavior the past two days is as if you can hear a tick, tick, tick (very tight range and quiet movements; quiet before the storm).




We'll see soon enough what happens. Hair trigger for both sides...