Replies to post #397312 on Amarin Corp Plc (AMRN)

[dukesking]

FFS, So far 2023 looking good for AMRN. Looks like your TA charts are tracking well! Next stop? $2 plus? Something seems to be brewing and it’s reflected in the charts and the PPS. Settlement, cash positive Q4, stabilized scripts and cash burn, more markets in EU, IPE science gaining traction worldwide, several studies supporting REDUCE-IT results, CardioLink-9 and other URI/COVID results, BRAVE, a potential Hikma settlement and more. Let’s hope it continues.

[FlyFishingStocks]

Lo and behold... we have bumped into the long feared down trendline. We are about to see what happens at this very important TA pivot point.



Will we see a breakout on heavy volume that confirms a long term trend reversal...
or will this falling Trendline resistance turn prices down to retrace the 56% gain?

Add or subtract shares? Fundamental minds would love to know

For reference, here is the 2021pattern:



P.S.... I subtracted

[Toddrobertking]

When do you get confidence that a trend line is broken? What is the technical analysis on that?