Liquidity has been a challenge in LPI since the insto's took up camp here. We know that when news drops the price runs can be hard and fast. So if you plan on day trading, it's nearly impossibly unless you jag some news, otherwise you need to believe in the trend at play, take a position and be patient to let it play out. MACD positive cross now in and trending higher once more.
Early days for a Friday, but Iam liking what Iam seeing with the 15d & 30d MA at ~18c being tested and holding to now make a higher high. We could easily see this skip on to test the 200 day MA at 21c later today / early next week and with the 15d & 30d MA's moving higher to this price point Iam expecting it will create a pressure situation where the share price will move through this level with some speed behind it to make a run at the 30c level once more.
If you plan on spinning a few $ here, you need to be set before the punch through the 200day MA plays out.
LPI Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held
