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Tuesday, July 06, 2021 7:53:36 PM
Another rough day for AMRN shareholders. Will this ever end?
Yes. IMO, this will end in the form of a capitulation flush below the long term trendline, followed by a strong bounce off $3.56 support.
That's when we'll see short sellers liquidate and bargain buyers enter to support and trace a bullish wick.
Notice how the red impulse candles nearly always end in a bullish wick or hammer reversal (yellow highlights). This is what is needed to change the course of trading for AMRN. It's coming, but not before more pain.
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