Amarin Corp Plc (AMRN)

[FlyFishingStocks]

Sleven,

what is your current ta prediction?

Same as it has always been: post #408339 and 414103.

The long term down trending channel remains in tact. There have been bullish patterns develop - some with short term profit and some not. Each, however, has led to lower lows eventually after challenging falling resistance. That is a fact that has continued to connect the dots of validation to my Denner theory from the beginning of his entrance into the AMRN picture.
In early 2023 I wrote:

Denner is an ambassador of AMRN chaos - masquerading as a Savior with a clandestine goal to crush the price, and steal the company on the cheap. I don't think he cares at all about small retail shareholders who have been victim of all the perfect storms the past 10 years.

Everyone on this board is excited about the BB - rightly so - but have they considered that the stock price may not in fact spike upward through all the overhead resistance? At the end of the day, big investors will want out if business prospects continue to deteriorate. They will seize the opportunity to sell into any rally. Add in the shorts and we could be looking at absorption price behavior below resistance. Once 50million shares are bought back, the price drifts lower based on the technical posture and the following fundamentals:

1. COH has decreased along with US market share
2. EU is once again facing a banking crisis.

Look at these headlines yesterday:

*French-Bund Spread Blows Out Most On Record As Market Braces For Return Of European Debt Crisis
*German Stock Exchange Boss Slams Government, Says "Economic Policy Is Sheer Catastrophe" And "Migration Policy Universally Wrong"
*Euro Sentiment Hits Most Bearish Level In 15 Months
*French Development Banks Pulls Bond Sale As Macron Sparks EU Market Meltdown
*Futures Slide, Yields Tumble As European Turmoil Sparks Global Risk-Off

The quest for EU reimbursement just became a steeper uphill battle .

So yes, I believe the outcome we have witnessed has been engineered and will end in either a cheap takeover or VERY cheap buyout. The BB is probably not going serve to bail out shareholders as hoped.

As more dots connect, higher probabilities stack in favor of manifestation of this outlined end game.