Technical outlook – Technically, the outlook hasn’t changed for Laserbond Limited (LBL) since its recent bullish trend has hit a wall of resistance in front of the $1.00 after staging a clear rejection in late-September. It is assessed the bears will soon ‘storm in’ and take this share back to the region of $0.55 before any initial recovery.
Company Overview – Laserbond Limited (LBL) is a specialist surface engineering company founded in 1992 that focuses on the development and application of materials, technologies and methodologies to increase operating performance and wear life of capital-intensive machinery components. LaserBond operates from facilities in New South Wales and South Australia. The company has identified its segment as Product, Services and Technology.