Amarin Corp Plc (AMRN)

[FlyFishingStocks]

Investing LONG like most here in AMRN - TA is totally irrelevant (would be even it had value - which it doesn't - pure religion :)

So comical. Thanks for the laugh.

Here's some unadulterated pure religion LOL:


TA provided effective predictive value to the runups to each of the listed events.
1. Nissen hit piece: prices traced a lower high prior to the release
2. FDA approval: prices upthrusted the high and failed, tracing a false breakout - indicating massive selling into strength = bearish.
3. DU judgement: prices broke down to new post-R-IT lows, pulled up and were rejected by the lowest valley - effectively confirming a "Triple top" prior to her judgement. Also at this time, the daily/weekly trendline was down along with the 20- and 200-day moving averages = all bearish indication that "something is not right".
4. Appeal: prices failed to reach the reaction high post DU and all other indicators remained bearish. Big money failed expect or forecast a win.
5. each negative earnings runup showed the same thing; rejection at falling resistance - forecasting a further gap down/breakdown in prices.
6. Finally the Denner effect which has led prices into the abyss.... hmmm???
shortly into the new year we get a mysterious "upgrade" the day before the Biotech annual meeting, followed by Denner's proxy war declaration. Once again prices were rejected at falling resistance and have traced another triple top that has recently met its target objective.

That is precisely the kind of religion I believe in, analysis of actual footprints with intensity, momentum and price action vs hope, hope, more shares, more hope... then total despair. LOL

Do you think Wall Street trusts what the chart is telling us or do they trust in what could be some "potential" exogenous event caused by Dr. Denner who has been profiting from the TA PATTERN/TREND which is DOWN!? Baker Bro's did the same thing.