Replies to post #293737 on Amarin Corp Plc (AMRN)

[FlyFishingStocks]

Red Monday?? LOL. You need to move over to StockTwits if you're going to play with tea leaves ;)

Red Monday. Amrn had a great day Thursday but friday it dropped right at the opening from 7.70 to 7.30 on 150k sell and never recovered.

Here's why the TA picture for AMRN has turned pretty:

Weekly chart:

You can see last week's bar turned green... the first time since December!

Intra-day chart:


This chart clearly shows a confirmed breakout, followed by a retest. Weekend stock finders are going to see both these time frames as well as a daily golden cross. Then they'll cross check fundamentals and find the weekend's news of EVAPORATE. Result = short squeeze. Sure some longs will sell into the strength, but new buyers will grab the dip IMO.