I think we should expect a forth wave daown, and then another one up
Weekly: Flag pattern Getting high on the curve but expecting price to break thru supply level Daily: *Entered on the fakeout, but holding stop below all the support at $16.00 (moving averages) Moving average are expanding nicely to the upside and the bollinger bands are expanding in opposite directions indicating further momentum. First target $23.00 Symbol:...
Volume has dried up since b/o and gravestone doji in the works?
Annotations on the chart do a good job of conveying my thoughts on this ticker at the current levels.
Wait for break out or break down of price from this flag pattern for the next trend move.
Why mess with this when there are much better assets to trade... Shorting could be a good swing... target $10
Going long: Based on Elliot wave Lack of RS or MACD Divergence
Unless there is a large move up, could drop below the cloud for only the second time since REDUCE-IT release. This may draw back toward SMA20 currently at $14.59. Now SP is below SMA50. Cloud turning green to red also points to change in trend. Very labile to overall market sentiment as well.
I think we have witnessed The A and the B part of the correction for the impulse wave in this stock. what remains is the C leg and I think now is a good opportunity to short to around 9 ish range. If we go back to 20 ranges this theory is invalidated and we might be going upwrard again
Amarin corporation has experienced a large sell-off recently, but still remains to look quite strong from the big timeframe perspective. Considering a modest positive sentument which drives the market, it may generate a pullback with further testing of 23 area and above.
Bullish Harami, Stoch, & Williams all show a turnaround coming. Next point 17.18 based on most volume then up to 19 if it makes it past that.
SQUEEZED OVER RESISTANCE PERFECT BREAKOUT AND RETEST WATCHING $30 DOLLAR MARK TO TAKE PROFIT