LPI Chart

LPI has just popped up in my “bottom fishing” scan. Looks like momentum has turned up and the stock has been undergoing accumulation since about mid April. My cycle and momentum charts are shown below. The High Volume Close on 30/05 at 28c may turn into a major support level. The SP needs to stay above this level to confirm a change in trend. If the SP moves higher on good volume I would expect the first level of resistance to be around the 43c level which coincides with the level of the 200MA. The red and blue MMAs on the chart are showing the first signs of a change in trend to up. LPI is now on my Buy watchlist.

Good luck to all Holders, and remember DYOR.