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Sunday, July 29, 2012

$AMRN: EW count and forecast.Nice stock to trade.



Monthly chart

Daily chart


We found this stock on the "heat map" from stocktwits.com and we find a very interesting trading opportunity because, first, it has a downfall from 1,400 to 0.44 on 8 years and now is on 13.51 a 3,000% grow in only 3 years. We think that the EW count is on a Primary wave 5,down and on a Intermediate wave 3,down,starting or very near, to start. IF we are right,this stock could go down,very hard again and after this, start a very big rally. We will check out closely this stock because is a grab trading opportunity.

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