LNC MQG

Ann: Becoming a substantial holder_Part 2 from MQ, page-7

  1. lory
    2,485 Posts.
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    25/02/12
    09:45
    Post #: 9749389
    re: Ann: Becoming a substantial holder_Part 2... Here is a chart of LNC showing the effect of the 4 coys lending to each other, driving the price down with bot trading for their cheap accumulation.

    Note the tightening bollinger bands, and at present we are above the 10 and 55 day moving averages, suggesting trend up short term. Unfortunately it is still well below the longer term moving averages, needing 1.70-2.00 to cross over currently. First hurdle is the downtrending resistance line from 19 Jan. and need to stay in the upper BB area to continue ahead.

    LNC Price at posting: $1.41 Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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