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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.

Tuesday, December 18, 2007

BakerTech 181207

Baker Tech managed to open above the lower green dotted trendline. It also broke through 3 resistance trendlines (upper green dotted, blue and orange dotted). Baker Tech closed just on the long term resistance (red).

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Volume was also more than yesterday's. 6,710 vs 4,284.

If Baker Tech can open or trade higher tomorrow (above 0.337 - red line resistance), and with volume, we may see a reverse of the down trend.

Next resistance could be found @ 0.360

Good Luck !!

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