I have to disagree with you - actual events/announcememnts (of significant value impact ie. today's announcement) will over-ride "TA"
Remember "TA" is just a guide of trends while new trends (break-out's) are created by events reporting significant value. Thus, I strongly believe LNC's sp should be re-rated above $2
Time will tell who is right or wrong
Expecting a strong finishing at 4.10pm and further increases next week for the shorters to chase & get back their shares !
Today's good announcement is the changing of a up-trend play.
Not selling my shares at this ridicules sp - take note the volume done 2.6m @ 12.31 is extremely low - indicating very few willing sellers of LNC
Best of luck
AoA
LNC Price at posting:
$1.57 Sentiment: None Disclosure: Held
