Amarin Corp Plc (AMRN)

[FlyFishingStocks]

For all the FOMO hugging fools who gobbled up the top.
In the previous post I said,

Amateurs always sucker for the first little bounce after a prolonged selloff. They do so not knowing that the feeble, weak volume pullup will be smacked at near overhead resistance (once serving as support). This is orderly and predictable - confirmed by volume.

Here is a chart delineating quadruple overhead resistance: 1. Midband, 2. August high, 3. July high, and 4. 50% retracement of the recent slump since the ER and the 20-day MA.


AMRN is in the midst of a deadcat bounce that will soon fail. Volume and price pattern confirms.

12.74 still in the crosshairs