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.

Saturday, March 8, 2008

BakerTech 070308

BakerTech broke the short term uptrend support (light blue) today. From the chart, we can see that BakerTech is still trading in the long term downtrend channel (pink).

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BakerTech will probably trade sideways, like it did from 24 jan to 1 feb. BakerTech formed the Harami Cross today again. But I guess, given the current market sentiments, a trend reversal would be unlikely. Nonetheless, just keep a watch for breakouts with volume.

For monday :

Support @ 0.2617 (low pink), 0.260 (upp red --), 0.250 (low red --)
Resistance @ 0.270 (low red), 0.273 (light blue), 0.280 (upp red, green --), 0.2867 (upp pink)

Good Luck !!
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