BakerTech 040108

Baker Tech today opened on the uptrend support (lower blue), touched the uptrend resistance (middle green) and closed @ 0.380 ,which I think is the psychological resistance (red dashed).



If you look at the chart, everytime Baker Tech touches the 0.380 level, it will fall back downwards. If it manages to break through, it tends to stay above this level.

From the chart, you can see that the uptrend support (lower blue) meets the 0.380 (red dashed) at around 15 Jan. If Baker Tech can break above 0.380 before 15 Jan, we may see it testing 0.390, which is where the long term downtrend (purple) meets the uptrend resistance (upper blue).

For Monday :

Support @ 0.363 (lower blue), 0.3554 (purple dotted), 0.352 (blue dotted)

Resistance @ 0.3773 (lower green), 0.380 (red dashed), 0.3852 (upper blue), 0.394 (middle greend)

Good Luck !!