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.
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
On Sep 24, I was watching the market and I noticed this insane move of AMRN from $3 to $9 in the premarket. I usually get greedy when I see large increases in price, I buy at the top and I usually end up losing money in the following days.
This time won't be the same! I will go against my instincts, which failed me so many times before! This time I will go short! ...