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.

Tuesday, March 11, 2008

BakerTech 110308

BakerTech seems to be forming a double-bottom, with the 2 lows on 22 jan and 10 mar. It also opened right on the downtrend support (low pink), touched the uptrend support (light blue) before closing above the higher downtrend support (low red).

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Volume today was more than double of yesterday's. If BakerTech can break out of the downtrend channel (red), we might see it testing the 0.280 psychological resistance (green --).

For tomorrow :

Support @ 0.2611 (low red), 0.2591 (low pink), 0.250 (upp red --)
Resistance @ 0.270 (upp red), 0.275 (light blue), 0.280 (green --), 0.284 (mid pink)

Good Luck !!
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