1. Definite 'W' Basing Pattern established 2. Faster Moving Averages confirm the Base 3. Price closing above MA's 4. Currently attempting a Higher Double Bottom ~$1.60 5. Because of the Down Trending Channel Resistance Line, I would set a Price Target of ~$4.00. A Break Out [on Volume] above ~$4.00 would signal a rally to ~$5.40 / ~$6.50 [The Uptrending Channel Limit is ~$6.50 @~June '10] [The Fib. Projection [423.6%] is $8.20, however this looks very 'Pie in the Sky' at the moment] I have to say I like it so much that I will place a Buy order today [Thank you Susan] Sell Limit $4.00 [probably achievable by end DEC '09]
LNC Price at posting:
$1.63 Sentiment: Buy Disclosure: Not Held