Long
LNT bullish bar on higher volume
Since breaking above the June pivot high, at the end of October, LNT has continued it's bull run.
The June high was tested in November first with a double bottom chart pattern followed, in December, by a deep flag. However, both of these were within acceptable parameters for a linear trend so a longer-term buy position could be considered.
Despite this I would not recommend LNT for longer-term traders. While it can trend well, at times, it is susceptible to deep pullbacks making it too erratic to comfortably trade.
And with a short trading week and lower volume expected I will be waiting for the first full trading week of 2015 before looking to open any new positions.
The June high was tested in November first with a double bottom chart pattern followed, in December, by a deep flag. However, both of these were within acceptable parameters for a linear trend so a longer-term buy position could be considered.
Despite this I would not recommend LNT for longer-term traders. While it can trend well, at times, it is susceptible to deep pullbacks making it too erratic to comfortably trade.
And with a short trading week and lower volume expected I will be waiting for the first full trading week of 2015 before looking to open any new positions.
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