Amarin Corp Plc (AMRN)

[FlyFishingStocks]

Amrn for me is an investment. If you’re such a savant help a brother out. But that would require something you lack…conviction. My money is on Sarissa making money for shareholders.

You think I lack conviction!?

On 1/18 in response to Lizzy's conviction - "Ok people, time to back up the Truck" - I wrote

That's not what the chart says. The chart says Unload last week (post #398339) at the resistance of the down trendline.
In fact, the TA signals have been spot on. A beautiful price squeeze developed and popped like a zit - rocketing prices up 70% in 7 trading days. This same pattern occurred on virtually the same first Friday of January 2 years ago.

Now, like then, resistance of the TL has attracted bears.

Crazy how "investors" have repeatedly ignored the ominous down trendline in favor of forth coming "news" or "events". To do so is truly financial masochism.

on 2/25 I posted:

Dude.... You should be reading your account balance and shaking your head in disbelief!
The charts ARE REALITY!!! The share price is REALITY!!

Shareholders have been victims of denying the AMRN chart reality. They've always let confirmation bias cloud their judgement, while a cabal combined to destroy little Amarin. It began when they embarrassed/sued the FDA

Here's probably the best chart that sums up how reality robbed FOMO:



Now yet again we sit in hopes that price rejection in the current chart is lying and our hope says otherwise.

The down-trend channel, overhead resistance, iceline, and stock pricing in bankruptcy is -as you say - just me "Tethering everything to charts but not reality." -- Thanks for the laugh.

on 3/9 I wrote this response to Rosemont's insistence that all is well after prices slumped on the heels of a third of three tops:

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.

on 4/1 in response to Liz saying my post was full of BS:

here we are, priced for bankruptcy and getting worse by the day.

Have you noticed how AMRN has become disconnected with it's Index performance correlation? That's not good.
Furthermore, yet another price pattern has traced: a bearish Descending Triangle.



We are pennies away from reaching the Triple Top pattern ( I alerted on 2/28/23) target at 1.38. A downward resolution of the Descending Triangle pounds the share price down into the purple target zone or lower. Guess who's waiting for that target? I hardly think he thinks it's BS.

Watch out for those wolves Liz! They're hard to see these days.

Then on 4/1 I wrote this warning:

Oh boy.... AMRN closed below the all important 200day moving average for the first time since 1/9/23. Folks, this is not good. Why? Because this stock has confirmed a slip off a cliff. Wall Street scanners that use TA search patterns will pick this up, smell blood and gang pile the price lower in the days to come.

Whenever you see delayed big blocks added to the tape AH it's not good - especially when such a horrible TA mis-step occurred during the main session. Someone lost faith in this important level of support.

Man if one could only have known this would happen ;) Actually... only 1 did.

We are .02cents away from the Triple Top Target for those who are following.

There you have it lemiwinks. Pure CONVICTION - no wavering what so ever.

You ask:

If you’re such a savant help a brother out.

I tried, but you and others chose to mock instead. You could have saved an enormous loss if you would have respected this chart I shared on 11/7/2021: