We have looked at LPI a few times before this. The stock's gradual uptrend may accelerate after the share price broke above the line connecting its previous peaks at RM15.00. Its likely target for a medium-term rally could be RM17.50-18.00. For more on LPI, go
here.
Chart: LPI's weekly chart as at May 10, 2013_12.00pm (Source: Quickcharts)
Note:
In
addition to the disclaimer in the preamble to my blog, I hereby confirm
that I do not have any relevant interest in, or any interest in
the acquisition or disposal of, LPI.
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