. . To the chart of Linc.
Once again, I am not a skilled chartist. Just picked some things up as I've gone along. I always look to the chart of a stock for clues.
Maybe 1.50 will hold as a downtrend bottom:
1/ the weekly chart has a 'tweezer bottom' in the last two weeks of December. Tweezer bottoms are two close candles with tails ending at the same price level. These tails also mark the low so far - in this case 1.50. Sometimes this marks a bottom
2/ MACD on the daily has diverged positive for the last few months.
3/ Three arc fan reversal pattern. To see this take a ruler, and using the approximate top made in end of Sept as a pivot point, draw 3 downtrend lines of easing gradient. Here's a reference to give the idea.
These points aren't decisive, and the brightening picture gets smashed with a couple of closes below $1.50 I think.
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. . To the chart of Linc.Once again, I am not a skilled...
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