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.