LSF's Bullish Rebound and 2000%+ Long-Term Growth PotentialLSF reported strong earnings this week and had a very bullish rebound. I think LSF was a dead stock, and this week is likely to capture a lot of attention and interest. The weekly candle has broken through numerous resistance levels and there is little resistance on the way up to previous all time highs at $56. This is a 2000%+ growth potential from current price levels, but I think there could be a pullback first and a lower price entry. I would buy and hold to new all time highs for this one. I definitely recommend doing some research as well to see why there has been such a bullish week.
LSF
LSF (L1 Long/Short Fund) - Bulls in ControlWe expect price to test the resistance pocket between 1.610 - 1.645 shortly, off the back of a bullish breakout and positive NAV movements.
LSF is still trading at a 10% discount to NAV.
There is the possibility of a pullback to retest the breakout point 1.500 - 1.540.
We expect any pullback to be met with big buyer demand, so long as the NAV keeps making gains.
LSF looking for a 10%+ moveLSF has broken above its bullish flag pattern range, and if it can clear 1.480 this week, demand should pick up and push it towards 1.540.
If they can increase their NTA by then to above 1.60, we should then see next resistance tested at 1.645 after 1.540 breaks on volume.