After a couple of weeks of flirting with the 200 day MA, it looks as though the next leg higher is now underway. Iam liking the short term SMA crossing through the 200 day MA, which should provide support if we see any weakness.
RSI (middle indicator) has room to move before we see it over bought, with the MACD (top indicator) looking to cross and turn positive once more.
Measured move looks like this run could push through to 32c - 33c region.
Medium term - weekly setup is also looking very encouraging, however I dont have the time to post this up.
LPI Price at posting:
27.0¢ Sentiment: Buy Disclosure: Held
