Looksmart Limited (LKST)

[Ollie]

100SMA reached last night. Possible short rally from here? It looks a bit oversold so it's possible. If not then the 6 month trend line sits at $1.70 and the long term trend line sits close to $1.50 atm.
Andy, do you see this reach $1.50 again? Looks very bearish and IMO it can go all the way there before another up leg. Should it break the long term trending line would be looking quite bad. I don't think it will though.
Important night tonight to see if we break the 100SMA or not.