Amarin Corp Plc (AMRN)

[maverick_1]

North40000 re:

What does that ~ 71000+ block at 4 pm tell you, share price $14.99, with the dribs and drabs of 4, 10, 1, 3 shares following in the next minute?

Here North4000 is my specific reply:

I have not looked at the Technical Picture of ANRN for a long time.

Putting on My Technical Hat (see below) another skill set acquired over the many years of technical chart reading from briefings from the best(were my Merrill Lynch brethren’s 20 ft away!:

Technical Analysis is but A Tool that I use ONLY as a Confirmatory indicator backing up the varying conduits of Fundamental Security Analysis.

https://investorshub.advfn.com/boards/profile.aspx?user=486527&page=4

Impressive those late trades but modestly above AMRN lows of the day!

Clearly AMRN has established an interim bottom from a precipitous drop from $23 and has a short term constructive net accumulation with improving technical indicators like MACD, Fast Stochastic, Money Flow as it is filling in that Down Gap from $17.

Hopefully there is some ground breaking AMRN announcement after Labor Day!

AMRN’s technical indicators like ADX Plus needs to IMPROVE and
break that sharp interim decline line,

AND penetrate above $18 (50/200 DMA; GOLDEN CROSS !)

DIFFERENT STROKES FOR DIFFERENT FOLKS