LPN : A breakout above 11.10-11.20 looks imminent
May 1, 2011 Leave a comment
LPN should test 11.10-11.20 in coming days, and this time, given decent volume support, a breakout is more likely than last week. We think another move to 12 or so will be seen shortly, with some chance it may even break above last October’s high at 12.20 and proceed to rally to 13.00-13.20.
Entry at 10.50 or so, or on the break at 11.10-11.20 can be considered in our view.