LPN : Our MT target is still 14.50 to 15.00

LPN has an important support at 9.80 or so, and will be worth some attention here because a rebound is entirely possible. If it does rebound, the 10.30 will be the immediate short term target, but we suspect it will hit 12 again during the course of the next few weeks.

Our medium term  target for LPN is 14.50 to 15.00, which we think has a 50-50 chance of being hit before the end of Q2.

If 9.80 fails to hold and it comes off to 9.5-9.6, a buy order will be very tempting unless there is something bring with the flows, and heavy selling pressure is apparent



Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: