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.

Tuesday, January 8, 2008

BakerTech 080108

Baker Tech managed to touch the uptrend resistance @ 0.390 (upper blue) today. And it closed right on the downtrend resistance (upper light blue).

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It would be interesting to see if Baker Tech can maintain this uptrend as we have the downtrend resistance (upper light blue) meeting the uptrend support (lower blue) at about 0.3688 tomorrow.

If Baker Tech can maintain trading within the uptrend channel (blue), we should see it testing the 0.380 psychological resistance (red dashed), as well as the uptrend resistance (upper blue). And maybe even the longterm downtrend resistance (yellow).

For tomorrow :

Support @ 0.3688 (upper light blue, lower blue converge), 0.359 (blue dotted), 0.3509 (pink dotted and blue dashed converge)

Resistance @ 0.380 (red dashed), 0.394 (yellow, upper blue converge)

Good Luck !!
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