The charts and indicators on Amicus Therapeutics, Inc. (FOLD) appear bullish to me. I would look to position this stock from the long side, but let's take a look at the charts and indicators before clicking on "buy."
In this daily bar chart of FOLD, below, we can see a sideways trading range market or base pattern from last September until June of this year. Prices traded sideways around $7 with the declines below $7 being bought. How do I know or believe that those declines were bought by investors? Look at the On-Balance-Volume (OBV) line as it moves higher signaling more aggressive buying buy people. The volume of shares traded on down days was light but on up days it was stronger. That is the way the OBV indicator works. During the sideways trend the moving averages did not work, but in March and April they "kick in."
In March, FOLD rallied above the rising 50-day moving average line. In April a small pullback in FOLD holds above the rising 200-day moving average line. Prices retest the 200-day line successfully in May. The Moving Average Convergence Divergence (MACD) oscillator moved above the zero line back in February and recently turned up to a fresh go long signal.



Bottom line: I like these charts (above) and suggest buying FOLD here and on any weakness toward $13. Risk below $11.50. Buy more on strength to $15 or higher looking for gains in the next several months to the upper $20s.
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