Hi everyone,
As opposed to TD's deep and meaningful mood, I feel like keeping things simple and short term.
LNC - As a fan of candlesticks, LNC looks to have topped in the short term, first with a shooting star candle that then combined with today's candle to form the bearish engulfing pattern. The area around $1.40 seems the most obvious support.
It responded to bearish shooting stars previously and also to a dark cloud cover in July (not marked, can you spot it) and together with bearish engulfing pattern, I think it's one of the most reliable signals, hence my preference for short term shorting.
10c
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weekend charting march 18-20, page-7
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