LNC is highly volatile - any bad news will see the SP dive (e.g. last 2 days on Umiat news). Yesterday support found at $1.32 which is the resistance from previous breakout. A reversal candle is great yesterday. See how it pans out today.
Some trader made more than beer money shorting the stocks at open on Tues. LNC is probably the highest volatile stocks in ASX200, so great for trader - and the spread can earn you some great profit in just a 10mins window.
cheers
pcyc
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