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, February 28, 2008

BakerTech 280208

BakerTech failed to stage any reversal, instead, it went into a free-fall. BakerTech also broke 3 trendlines - the short term uptrend suuport (green), the long term downtrend support (low pink ...) and long term uptrend support (blue) on 27 feb.

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I've added a downtrend channel (red) which I think BakerTech would be trading for the time being. We may see BakerTech testing the downtrend channel (pink) 1st before there can be any chance of a reversal.

For tomorrow :

Support @ 0.290 (upp red --), 0.280 (low red --)
Resistance @ 0.300 (low red), 0.310 (upp red, blue, low pink ...)

Good Luck !!
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