I see LNC now approaching overbought levels here, so caution at falling trend lines, one dates back to 2008 and 2011 tops, and the other from 22/7/13. It could easily break straight through, so these are only tension guides.
resistance possibly at 165/6 and 1.68 for the falling trend lines, and other possible tension zones are marked on the chart.
It has had a stella run, and some correction may occur. I would not think it would last too long though, as LNC would appear to be in a heavy news period that due to its exceptional circumstances of SGX makes it more volatile and unpredictable. A test of 1.47 (falling upper trend line would be healthy. The Mid band bollinger was at 1.35, so anything above that is considered bullish.
Note, these charts are of Friday close.
LNC Price at posting:
$1.64 Sentiment: Hold Disclosure: Held
