The 200 day SMA (a major support level) for LNC is at 1.315, it will surely bounce back after hitting that level and it has infact. You will see the SP testing this level atleast twice before bouncing back up, however there is always a chance for this level to be broken in case of an announcement like the one we had yesterday. Be very cautious at this stage. You will see a bounce tomorrow and then a retrace to test this level.
Always DYOR, after all its your money.
chart, page-23
-
- There are more pages in this discussion • 20 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)