Amarin Corp Plc (AMRN)

[FlyFishingStocks]

I believe there's a strong possibility someone knows the results of MITIGATE and it is manifested it on the chart.

On Saturday 8/6/2022 I wrote:

IMO, we are headed towards the companies most important pivot point. Someone will know these results beforehand and we'll see it on charts or in option buying. We'll likely see a spike out of nowhere at the end of a session from short covering or FOMO buying, leading to a quick runup.

On Monday 8/8 we saw the "spike out of knowwhere". Volume was 9.9M, the highest it's been since 6/3/2022. We witnessed a subsequent rally that elevated prices above the 50MA and lasted 5 days before stalling to consolidate gains. Relative performance the past 8 days (including the last 3) has been above the XBI index; accumulation is on.



Did someone get a peak at the results? How do we otherwise account for the sudden surge above the 50MA? Early August is 6 months from the time they originally were to announce.... hmmm.

There is a good correlation between stock prices positioned above the 50day average and accompanying positive binary outcomes (R-IT was such a case for AMRN and The DU verdict was the inverse).

Whether it was trial results or whatever...something positive triggered a spike out of knowwhere and to this day has - thru today - been sustained.