Those wanting Line to move back down to $27 are just losing time and are plain ignorant. The new base for line is $29 and up from there. Improving fundamentals, Berry acquisition and SEC end will prop it back to 35-38 very soon.
I agree with the premise of the chart. The bottom does seem to be forming at the 50 day MA. A bullish cross of the 50 MA thru the 100 MA signals more technical upside. These levels have to hold obviously. Any close above $32 (the 200 MA) would be significant.
Your capital is safe as long as line doesn't break $26. Then I would be concerned. As far as seeing $35-38? Don't know but I do believe that Line overpaid for Berry and that will cost line shareholders distributions.
I wish I knew what what going on behind the curtain as I think the present line and Lnco shareholders will take a short term screwing. There is something management has not revealed to sweeten the pot so large to buy out berry. Just my opinion.