Hi Guys, My apologies I havent had time to pst the chart last night and I will do some analysis tonight and put both weekly and daily chart.
$1.50 could be a significant support level. Hopefully today we ge to see consolidation around these levels. Just on another note, I have analysed LNC quite extensevely and the movement of the stock over the past few months, and I have came to conclusion that whole numbers play significant role as support and resistance levels. $3 and $2 was really important and now $1.50 is very important. The one that concerns me is the fact that the stocke has broken through 50% gann level and therefore indicates weakens as per the post & chart from david115. the stock my consolidate around the 61.8% fibonacci level and hopefully with some positive announcments it can recover... otherwise if it does not hold next level of support is $1.30 and than $0.95 to $1.
LNC Price at posting:
$1.51 Sentiment: None Disclosure: Not Held