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.

Wednesday, February 13, 2008

BakerTech 130208

BakerTech broke out yesterday (12 feb) with volume. From the chart, you can see that BakerTech broke above 4 trendlines - 2 downtrend resistances (pink, red --), uptrend resistance (green) and uptrend support (blue).

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Today, we saw BakerTech trading and closing above the long term uptrend support for the first time since 22 jan. However, it is still a long way from its 0.380 psychological resistance.

For tomorrow :

Support @ 0.304 (blue), 0.300 (low green), 0.295 (upp pink), 0.291 (upp red --)
Resistance @ 0.317 (mid green), 0.325 (16, 18 jan high), 0.340 (upp green)

Good Luck !!
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