Today it tested 71c low, just as I predicted. Looks like 80c is the resistance. Today's news is not very encouraging, as the plant construction seems to be drifting further away, was last told end of this year, now it's March min (even though they say Feb).
Will be consolidating a while trading in the range 70c to 80 unless we hear something. 76c will be the widely traded zone as this is the price insto paid last time, and will be at the back of many investors/traders. Any dip in the low 70c or sub 60c will be good pick up.
Personally, I wouldn't be rushing to the 80c unless some good news is on the tap.
Picked up a small parcel today at 73c, but not large enough for a good profit to sell at 77c close.
cheers JM
LNC Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
