Amarin Corp Plc (AMRN)

[FlyFishingStocks]

Price - - Volume analysis proves Captain made the correct decision to sell shares and re-enter lower vs doubling down. Clearly, he made a calculated, rational, non emotional decision that wasn't easy to make IMO.

Here's the TA confirmation:



Trend remains down, confirmed by volume; high volume when price pulls away from trend of the orange 50-day moving average (pink shaded areas) / declining volume when prices pull up to falling resistance of the 50-dMA (green shaded areas).

The bears are in control and they are pushing for lower lows... just a matter of time. Weak support exists at 1.00, weaker support a bit lower at .93. If prices collapse to that area, I expect it to overshoot before a reversal develops.

Meanwhile, those Cave-in* Puts have performed well.