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.

Thursday, December 27, 2007

BakerTech 271207

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.

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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 !!
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