That’s why I made the statement about individual traders who follow TA stops getting "kicked in the nuts" by the insto’s if they stopped out at .48
My guess, and we all need to remember that these are guesses, was that the bounce would start at .46 because there was too much buy pressure behind .46 for the shorts (bots) to buy out that stop, and thus cause another flop.
In this case the people who stopped out at .48 were almost sure to have to buy back in at a higher price. That happened.
Not far off. No expert, just learning how to manage the bot trading. Becoming more and more important with LNC
Future support? Could be .75, no idea though, it’s easier to see a bottom!!
It's an emotive figure, and investors are particularly emotive at the moment. Time will tell.
LNC Price at posting:
57.0¢ Sentiment: None Disclosure: Held
