BakerTech 140308

I have updated the gradient of the uptrend support (low light blue) for BakerTech and you can see that it runs parallel to the long term uptrend support (blue). We can probably take this (light blue) as good indication of the support level.

(Please note that volume is wrongly indicated)

Although BakerTech traded above the downtrend resistance (upp red), volume was extremely low (336 lots), making it a possibility of a false break.

If BakerTech breaks the uptrend support (low light blue), it would probably trade within the downtrend channel (red) and test the 0.24 level.

For monday :

Support @ 0.255 (low pink, low light blue, upp red), 0.245 (low red)
Resistance @ 0.265 (upp light blue), 0.280 (mid pink, green --)

Good Luck !!