Looksmart Limited (LKST)

[andy20020]

Ollie - I've been watching the SMA mainly, but on review the EMA's are useful after the larger moves - in particular recently - the first target must be the 200EMA.

I'd suggest $2.17 (EMA200) is the next top ??? News ??? as its 1 cent above the previous top - to confirm the continued rally - that would make the interval $1.60 to $2.17 ... then retrace 50% to $1.88 which will be the EMA100 ... then bounce to SMA200 and through to $2.60 odd.

That would give this cycle a five leg up to the top of the range ... then allows for three leg retrace to wherever - depending on news.

All hypothetical of course - just playing with numbers ... lets see.

Regards