$LINC shares have slumped about 18 percent after the for-profit education company announced on June 20th it will be closing 5 of its 38 campuses in order to augment the companyâs financial. I will solely emphasize on a daily time frame, identifying various S&R levels that could be very profitable if executed with a proper strategy and risk management. I am going to start off by covering the first enclosed image that basically focuses on three main events: (1) The stock saw a breakout below a 7-month ascending trendline. (2) $LINC has built a decent price action along a Fibonacci retracement setup; my next price target is around the 25 percent line ($5.00). (3) Another simple strategy that should not be overlooked is the Slow Stochastic oversold/bought levels; this accompanied with price reaching a major support/resistance, might indicate a possible trend reversal. In the second image I highlight a graphical forecast of a probability cone I placed from June 2012. Basically, it indicates a set of probable future price ranges which $LINC might encounter. The forecast has proven itself in numerous occasions, validating my price target mentioned before around the lower blue line; proximate to the $5 dollar mark. Alexander Schachter