Friday, September 23, 2016

$AMRN Weekly Red Triangle, ... Chart and Indicator Updating

September 23 of 2016

As average, the weekly performance circle is from 9 to 12 weeks, we are in the second week of the current negative downtrend, then the current circle could be working up to the first week of December of 2016.
My opinion $AMRN is not making any improve and the Company know it, this a market totally without a clear goal, thanks to that we have another 6,500 stocks having a decent performance, $AMRN is for me the worst stock to play and the best stock to lose your litter money.
My last update was two weeks ago, and I am not happy at all about the averages, and how traders are interpreting the market feeling, the averages, the indicator as a result of it, and the FDA concern and the Company game.
Current Trend is Neutral
The stock could be sell-off next weeks, it's indicator downside could take up to 3 months.
The ADX and the +DI 13 -DI 13 are moving to a downside.
Aroon Indicator is just totally negative to a bad performance.
The levels of the current performance still at:
Resistance at 2.79
Self-Correction at 2.35
Support at 1.91
The current volume  is below 50% of the previous 8 weeks.
The Average Price Paid Must be BELOW to 2.49, any value above is too risky.
As you "could" see the Volume at Price from 3.18 to 2.53 is controlled by "Sell"
The Parabolic SAR is negative.
The Volatility Stop is also negative.
As much you want to be "positive" you should be prepared to a wonderful bad news and my target in that scenario will a disaster for your money.
MACD still moving down.
Stochastics at 58.91 from 70.09
My call to worst downside is 80/20










September 6 of 2016


Weekly Update
Averages are moving down, MACD moving down
Level between 2.89 and 3.17 controlled by Sellers
Aroon UP Indicator on a positive area, but moving down.
Aroon DOWN Indicator 100, steady on a negative area, Byers are keeping the price positive but the averages are moving for reversal.
ADX positive for the price, but stop it's rally to up.
DI 13 -DI 13 price in a positive area.
Stochastic 70.09 and moving down.
I hope that the news for $AMRN will be a really issue for the trend performance, my call is 50/50.



Thursday, September 8, 2016

$AMRN, ...Long Green Triangle Updating, September 8, 2016

September 8, 2016

Finally the price cross UP the Self-Correction Level at 3.24
This level is controlled by buyers, but when the MACD cross 0.05 sellers will start closing Long Position and start Sell Short position.
Changing the Trend Performance from Neutral to Uptrend.

If the first MACD positive histogram MACD (simple moving average), the price is above SMA-20, as now, ...then the price will go up to Bollinger Band TOP.

Price calculated for a new 52-week record high is 3.60 to 3.68.

The Aroon indicator still on a negative average. The Up still moving down.

The +DI 13 -DI 13 crossed for a new trend change mode, with a strong performance.

Stochastic moving from 48 to 71, strong performance.

We have in a new Green Triangle with 52-week high target at 3.46, almost cross Bollinger Band Top, next two (2) business days the rally will hit a new 52-week high record.




                                      



The Aroon indicator still on a negative average. The Up still moving down.

The +DI 13 -DI 13 crossed for a new trend change mode, with a strong performance.



 As soon the MACD cross the level of 0.04 for 60 minutes chart the seller will start closing Long Position and taking profits, sell short position will show up strongly 


Wednesday, September 7, 2016

$AMRN, ...Covered Sell Short Position, Long running UP


September 7, 2016

Finally the price cross UP the SMA-20 and the Self-Correction Level at 3.10

Changing the Trend Performance from Downtrend to Neutral.
If the first MACD positive histogram MACD (simple moving average), the price is above SMA-20, then the price will go up to Bollinger Band TOP.

Price calculated for a new 52-week record high is 3.60 to 3.68.

The Aroon indicator still on a negative average.

The +DI 13 -DI 13 crossed for a new trend change mode.

Stochastic moving from 30 to 48, strong performance.

We have in a new Green Triangle with 52-week high target at 3.46, 



Covered all levels for sell short position.