Gents
Interesting that the resistance at 1.73 -1.75 is building up. It'll be difficult to break this (similar to previous $1.86 resistance, took 2 days to break).
If you look at past 2 spike with 2 x good news regarding Cedar point on Mon 15/07 and Mon 22/07, yes it's Monday. Two days prior, the SP spike up and continue. Judging on this and today suppose to be a reversal or at least a white candle. Hope late afternoon spike will do.
Also Buy/Sell ratio has started to be more balanced now.
Either the result is not as good, another leaky boat or this is just manipulation.
If result is good I reckon $1.98 will still be the top resistance until we hear other good news, i.e. double mini top.
I've shorted this share on Tue and today at the opening, yes I always short at opening and LNC is a very volatile stock that has lots of day traders and shorters.
Entry at $1.75 now is I reckon a good low risk entry.
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