Disclaimer

Disclaimer:-Please note that all such analysis is provided by way of information only. All of the information was and should be taken as having been prepared for the purpose of reference only and that none were made with regard to any specific investment objective, financial situation or the needs of any particular person who may receive the analysis. Any recommendation or advice that may be expressed in or inferred from such analysis therefore does not take into account and may not be suitable for your investment objective.

Saturday, December 15, 2007

BakerTech 141207

I joined the lows of 23 nov and 6 dec and found that BakerTech had broke down on the uptrend support line @ 0.365 (light blue) on 7 dec. And it has been downward from then on. How could I have missed this ! Was probably too focused on the week before 6 dec.

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I've also joined the peaks of 2 oct and 1 nov. You can see that today's peak touched the downtrend line (red).

As I've mentioned on 7 dec, we saw more selling and downward trending. We can also see that BakerTech has not broke out from the downtrend channel (orange - dotted).

Next 2 days would be interesting as you can see the dark blue line meeting the downtrend channel (resistance).

For Monday :

Support @ 0.318
Resistance @ 0.340

Good Luck !!
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