The market is driven by emotion.
Agree,.. and there is no better way to measure that emotion and extreme swings of emotion than by TA. Major turning points can occur at those climax edges of price swings between fear and mania - driven by emotion. Clearly, as the previous chart I shared with you shows, down wave volume reached an extreme swing high as prices collapsed to an extreme oversold condition. That definitely makes AMRN a short term buy as a snap back to the mean occurs - primarily driven by profit taking by short sellers.
Long term, AMRN is a strong sell by virtue of the long, medium, and short term trend. This trend reinforces overhead resistance and weakens support. So from a TA standpoint, the current rally is a 'contra-trend' rally or a bear market rally. They can last a few days and can be very strong. How the stock performs at overhead resistance will determine if this rally might evolve into a long term buy for me. Until then, I'm content with short term trades.
Market Data 
Markets 
AI
