$AMRN breakout above ascending triangle pattern...$AMRN breakout above ascending triangle pattern...but wait for close to confirm.
AMRN
very long term bullish .still lots of room to fall and still have a higher low on the monthly chart. Market conditions and news will dictate, but price knows that. $XBI
AMARIN CORP - NASDAQ: $AMRN Setting-UpAfter breaking to higher ground in 1Q19 and subsequently drifting back down to its original break-out level in the upper teen's, the shares of AMARIN CORP NASDAQ: AMRN are once again starting to show signs of potentially setting-up for another attempt at loftier levels as evidenced in the Daily chart above.
While AMRN presently finds itself in drift mode working on its right-side, the stock continues to display favorable technical characteristics trading above all of its important moving averages (20/50/200 DMA's).
Although further work is required, it appears that we may just witness a repeat of 1Q whereby buyers once again start to take control of the stock and should such scenario materialize, we suspect that it may have eyes for the $22 - $24 zone once again in the short-term.
Thus, both investors/traders may want to continue to monitor the action closely in the days/weeks ahead for signs/clues that a move for greener pastures is underway.
AMARIN LONG based on newsRoumor has it that Vascepa will be a standard drug for diabetes.
I'll post this here to monitor this trade idea
Top Momentum stocks for next 20 days 0 Unusual Options ActivityMomentum stock picks for next 20 days similar to NIO and ROKU 17% - 40% moves
BBY CLVS CRM INSP STNE AMRN ACAD MNK CRC HZNP MDCO BOX ZUO TME MTDR
See recent real trades idea: www.thetechnicaltraders.com
This stocks is Pop-N-Drop Pattern - Be Ready!I'm looking for $12.30 this week See Video
Other stocks like this #roku #amrn #momentum #stockpicks
AMRN 30 year perspective - short opportunity TARGET $10Why mess with this when there are much better assets to trade...
Shorting could be a good swing... target $10
AMRN Long trade. T1: 14.50, T2: 15.90 usdWe have the perfect bull flag setup.
Target 1: 14.50 usd
Target 2: 15.90 usd
Stop-loss: 13.15 usd
Sexy Chart, followed by great fundamentalsPrice is trending upwards, combined with improving fundamentals! = buy and hold for long term capital gains.
AMRN long term trend line approachingPrice is approaching a long term multi decade downtrend. Volume is on pace to exceed previous months volume and close green, would bode well for a potential break out
LONG AMRNBreakout of recent downtrend (possibly a bull flag). 1/2 position. will add if breaks 3.70 with continued volume increase.
$AMRN Trade Set upLooking for Key test of 2.98, if it falls, start position at Green, Scale in at fall of Blue, and Sell at Red. Goal is 10-20K shares
Looking to see if $3.26 holdsTo continue run higher, AMRN needs to retest $3.26 and maybe even $3.08
