Posted On: 01/19/2014 10:12:13 AM
Post# of 2561
AMRN Daily Chart ~ Still Riding the Rising Support Line
AMRN continues to inch its way higher and is close to breaking above the horizontal resistance line. There's my favorite chart formation again. Not much to add here. Although a few of us are already in AMRN, some friends are waiting for a clear break and close above the resistance line. A close above 2.45, with volume, would signal that the stock is ready to try closing the gap to the 5.20s. The FullSto is holding its 50 line while the MACDs have just crossed over their zero levels. I'd like to see some divergence in those indicators now as that would be a strong indication that the gap close is underway. GLTA
AMRN continues to inch its way higher and is close to breaking above the horizontal resistance line. There's my favorite chart formation again. Not much to add here. Although a few of us are already in AMRN, some friends are waiting for a clear break and close above the resistance line. A close above 2.45, with volume, would signal that the stock is ready to try closing the gap to the 5.20s. The FullSto is holding its 50 line while the MACDs have just crossed over their zero levels. I'd like to see some divergence in those indicators now as that would be a strong indication that the gap close is underway. GLTA
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