Baker Tech broke above the uptrend resistance (green) on 26 dec with volume. I've added in another uptrend support (lower black) joining the lows of 19, 21 and 24 dec, and paralleled the line to indicate the uptrend resistance (upper black). Baker Tech closed on the uptrend resistance on 26 dec.
However, 27 dec saw Baker Tech opened @ 0.360 (26 dec closing) and closed on the previous uptrend resistance (green), which showed that this line could be a good support.
If Baker Tech can open @ 0.3464 (green) or above tomorrow, we may see it testing the uptrend resistance of 0.3695 (upper black).
If that breaks, next resistance is @ 0.3747 (red).
Support @ 0.3394 (lower black), 0.3247 (light blue), 0.315
Good Luck !!
Thursday, December 27, 2007
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