Elemont

LSF (L1 Long/Short Fund) - Bulls in Control

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ASX:LSF   L1 LONG SHORT FUND LIMITED
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.

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