chart-head & shoulders knees and toes we all c

Found this post, number 2016, in "weekend charting oct 15217" by (onetonne)
http://www.hotcopper.com.au/post_single.asp?fid=307&tid=1280903&msgid=7210531

Hi TDA.

Going to give your LNC a go.

I'm very green and it might help if one of the more learned does another for you.

Firstly I know nothing of LNC
Seems to have had a good day today.

Looks like via the lower indicators, that she has a lot of puff in her yet although the volume needs to be maintained.

Seems to be a 'head and shoulders' pattern that has formed.

http://thepatternsite.com/hsb.html

On my calculations the head to neckline is $1.02 x 74% = $0.75 rise above neckline = $2.75 Target

Funny enough all the following Resistance indicators also point to a $2.70 target

Fibs @ 38.2
Support/Resistance line. Blue
Upper tong of Andrews Pitchfork
Repreated price range segment stick. (grey verticals)

I didn't make any fit. Just followed the laws.

Cheers.





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