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LSF (L1 Long/Short Fund) - Bulls in Control We 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 - Breakout LSF has broken out of its tight range whilst it's underlying NAV has hit record highs since it's collapse. Expect price to break through the local high and head towards next resistance.

LSF looking for a 10%+ move LSF 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.