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.

Sunday, December 30, 2007

BakerTech 281207

Baker Tech failed to maintain its momentum and broke below 2 trendlines initially - uptrend resistance (green and lower black). However it managed to close right on this support (after touching the downtrend support - purple, which I have just added).

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If Baker Tech fails to break above 0.344 resistance (lower black) on Monday, we may see it hitting the support of 0.326 - 0.327 (lower purple and light blue converge).

For Monday :

Support @ 0.315, 0.3075 (upper orange)
Resistance @ 0.348 (green), 0.3557 (upper purple)

Good Luck !!
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