Amarin (AMRN) has a messy inverse head and shoulders but it is definitely an IH&S pattern.

Above $7.38 I think it becomes a screaming buy.

However, the biggest question is the stop-loss. Ideally if it can provide me with some consolidation before the breakout occurs, that would be best scenario for a high reward low risk trade. 

Here’s my AMRN technical analysis:

Amarin AMRN technical analysis

SOURCE: StockingAMRN.com

You Might Like

  • The Retail Trading Revolution: How Small Investors Are Reshaping the Stock Market

  • Fading the Gap: How Large Overnight Moves in SPY and QQQ Play Out During the Trading Day

  • How to Trade a Bear Flag