Amarin Corp Plc (AMRN)

[FlyFishingStocks]

The stock opened at $1.58 closing at $1.72 with a high of $1.85. It needs to be recognized that there was a run up in Amarin's stock price over the previous couple three days due to an upgrade and undoubtedly some having prior knowledge of the fireworks coming up with Sarissa. The stock today closed at $1.71 basically unchanged from Jan 10 closing, and although at a time between Jan 10 and now, it had reached an intraday high of $2.23 (Feb 8), most experienced investors would have acknowledged that there would be a "sell on the news" after the election, it is basically at the same level as the close of business Jan. 10.

Aucontraire! What has changed is a a third failed upthrust of resistance, leaving a nasty Triple Top breakdown to celebrate the savior of Amarin.

The share price is a penny away from the lowest valley of that pattern. Breach that and it quickly dives to 1.35 .
That is likely what Denner was hoping for all along. Once a new low is reached, he'll begin to cover (bank profits) before taking action.