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, January 17, 2008

BakerTech 170108

BakerTech formed a Hammer today. Although it broke below the long term uptrend support (blue), downtrend resistance (pink, red), it managed to close above these trendlines.

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Volume today was 10.6m lots traded. Watch for volume and a break out above the resistance for confirmation of downtrend reversal.

For tomorrow :

Support @ 0.2662 (upp pink - -), 0.248 (low pink - -)
Resistance @ 0.284 (red), 0.2967 (blue), 0.307 (low pink), 0.326 (upp pink)

Good Luck !!
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