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Thursday, October 22, 2020 3:17:31 AM
Seeing as TA is the flavour of the month ...
Yesterday someone sold almost exactly 3m shares at 10am , that set the tone for the day , to reiterate Iwasadiver and Anders people de-risk for a myriad of reason thats all yesterday was in my opinion. Trouble is if even 30% or warrants are pre hedged ( by selling the stock ) thats a lot of shares but our volumes are good we actually traded more cash value than AMRN yesterday
If yesterday rattled you then you could think of it like this , buyers bought $46.788m worth of shares at above $1.70... :)
So we filled the recent gap to $1.74 which is actually positive but today we kind of need to hold the yellow line and the double top at 2.50 ish will give us a decent pop when we breach it .
I am convinced we have had one hedge fund buying , fun starts it we get two or three .. that should happen soon.
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