lok - an ascending triangle, page-2

< LOOK - Looksmart

Look at LOOK and you will see a good example of a stock breaking through resistance, from optimism, with abnormal activity and out of a period of low price volatility. The pattern on this chart is called an Ascending Triangle and it is a good indicator that an uptrend is likely. Support is at $4.75, a close below that would void the bullish chart pattern set up.

http://www.stockscores.com/quickreport.aspticker=look&x=0&y=0 >

I'm not sure if I have ALSO mentioned, but T/A exponents (at least three who DO study LOK) had predicted this shareprice rise, almost to the day. They now see LOOK (in the US) going up to around the $10.00 - $11.00pps level over the coming 3-4 months, if not earlier. One of them says:

" Anybody that goes to the NASDAQ home page and gets a 7 year chart of look will see ... no matter how basic we are. See that massive pop through the trendline"?

Here is that chart. (Just "dial in" 7 years and update).

http://quotes.nasdaq.com/quote.dll?mode=basics&page=charting&symbol=LOOK&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&selected=look&FormType=&kind=&Leap=&mkttype=&sel=charting&userinput=&x=11&y=2

Cheers !!

:)
LC