LPI Beats Short Term Expectations - Touches 1.09 Resistance

LPI has beat short-term expectations driven by declining oil prices which are likely to stay low for the next few months. Within the short-term horizon LPI just touched the 1.09 resistance perfectly and should come back to 0.35 - 0.5. RSI showing sharp decline and DM+ had an unusually large upward spike, suggesting greater than average consumer faith.

Even if LPI beat earnings , the price of oil is the largest benefactor and should be taken into consideration for weak Q2 / Q3 earnings . Long-term, so long as LPI holds on to enough cash, should return to 2. 05 region. This is derived from fib retracement and intrinsic value both gauging at roughly 2. 05 - which are very strong indicators on a technical level.


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