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, February 24, 2008

BakerTech 220208

BakerTech traded below the uptrend support (low green) on 22 feb. This is the 2nd Doji it has formed, the 1st being on 21 feb. These 2 Dojis showed that the market is still uncertain, with most people choosing to be on the sidelines, as shown in the volume.

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If we see another Doji forming on monday that is higher than the one on 22 feb, it could signal a downtrend reversal (Tri Star). If not, we might see BakerTech trading within the downtrend channel (pink ...) with 0.310 as the eventual support (low pink ... meeting blue).

For monday :

Support @ 0.315 (low pink ...), 0.307 (blue)
Resistance @ 0.335 (low green), 0.345 (upp pink ...)

Good Luck !!
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