Looksmart Limited (LKST)

[andy20020]

OT pinuen ... I've seen reference to KAZ on Oze heaps ... but as I've been focussed on a few others I haven't caught up with its huge rally. But just for you ... In Jan it topped out at 29 and currently its RSI says overbought .. so slim chance it breaks through 29 from here IMO. I have experienced that at the top of most market runs, its the small Cap stocks that run like headless chooks .. and I'm of the opinion its the top of the market or thereabouts, give or take a week or so. If so KAZ should top out at 29, retrace to about 23, rally a bit then retrace again to about 21 if it follows normal patterns and if I'm right that Sept is a weak market month where it is confirmed there is no US 4th Q economic recovery. Lots of ifs and buts I'm afraid ... don't know anything about KAZ so perhaps dead wrong, but I wouldn't rush off to buy it here TA wise.
Regards