TA: AMRN - daily chart. Track and Field Days - Why you little Shape-shifter. | Biotech Message Board Posts

  •  Registered Members of Investor Village:
    Please make sure you are signed in to your Investor Village account to enjoy the full benefits of our service and avoid the MediaPass paywall. If the MediaPass offer page is blocking you, click the light blue "No thanks, take me back" link on the middle right side of the form to get to our home page where you can sign in by entering your Investor Village User Name and Password. 

     MediaPass subscribers: Please make sure you are logged in to your MediaPass subscription to bypass the paywall. You can do this by clicking the light blue "Already have a MediaPass account? Login here" link on the middle left side of the subscription offer form and then entering the email address and password you used when you first signed up with MediaPass.  

    For assistance call 888-222-7309 or email admin@investorvillage.com

Biotech   /  Message Board  /  Read Message



Rec'd By
Authored By
Minimum Recs
Previous Message  Next Message   Post Message   Post a Reply return to message boardtop of board
Msg  28576 of 33208  at  11/13/2019 4:41:37 PM  by


 In response to msg 28575 by  berkstump2
view thread

Re: TA: AMRN - daily chart. Track and Field Days - Why you little Shape-shifter.

The resolution of today's daily candle provides an excellent example of how
a single candle can morph from one interpretation during the day into something
with a different interpretation at the session end. 
At midday, the candle was reading out as a "Hanging Man", with an oftentimes dire interpretation.
Yet, at the close, the final forming of this candle now complete, the candle is called a
"Spinning Top,"
considered as a Market that is unsure (without conviction) about the daily sessions to follow.
Rather a perfect 'take' on the speculated out come for Ad Com, no ? 
The proverbial 'split decision', as  it could be called.
Why point to this shape-shifting of today's daily candle ?
Daily candles are not really finally 'painted' until the day is almost 3/4's done.
And that same generalized 3/4 rule can also be applied to weekly candle formation.
Now, if one is a self-proclaimed Investor, following the weekly candles can eliminate a lot of the strurm, drang and overall noisiness
that we all can see across Investor Village. 
Yah, but ..............
What about Portfolio Protection ?
In this case, said Investor can look at the daily candles and use them as a sort of
Early Warning device for making portfolio adjustments.
Ah yes, the fine art of reading multiple interval charts simultaneously.
Now, if one considers charting as hogwash, another thought about AMRN's trading
when it is brought back to life on Friday, opex Friday -
Looking at the 11/15 Straddles, in general, Friday's PPS will have to move either below $19
or above  $25 if da boys in that band want to hit and run.

     e-mail to a friend      printer-friendly     add to library      
| More
Recs: 8     Views: 157
Previous Message  Next Message   Post Message   Post a Reply return to message boardtop of board

About Us  •  Contact Us  •  Follow Us on Twitter  •  Members Directory  •  Help Center  •  Advertise
Not a member yet? What are you waiting for? Create Account
Want to contribute? Support InvestorVillage by donating
© 2003-2019 Investorvillage.com. All rights reserved. User Agreement
Financial Market Data provided by