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
0.06 AUD
170.29 M AUD
126.45 M AUD
509.14 M
About L1 LONG SHORT FUND LIMITED
Sector
Industry
Headquarters
Melbourne
Website
Founded
2017
ISIN
AU0000002339
FIGI
BBG00K4LF0Y0
L1 Long Short Fund Ltd. operates as an investment vehicle. It has an objective of providing returns over the long term whilst seeking to preserve shareholder capital. The company was founded on December 14, 2017 and is headquartered in Melbourne, Australia.
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.
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.