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.

Wednesday, March 19, 2008

BakerTech 190308

The last time BakerTech hit 0.240 was 22 jan. Afterwhich, it traded sideways for awhile before breaking the 0.280 resistance (green --) by gapping up on 2 feb.

Photobucket

Would we see BakerTech going on another similar run this time? The situation then is slightly different to now. Previously, BakerTech fell from 0.390 to 0.240 in a matter of 10 trading days.

This time, the fall was less dramatic. And BakerTech has also broken the uptrend support (low light blue). So it may take a while for BakerTech to recover and test the 0.280 resistance (green --). Provided it doesn't break the downtrend support (low pink).

For tomorrow :

Support @ 0.230 (low pink, low red)
Resistance @ 0.252 (upp red), 0.2572 (low light blue), 0.2666 (upp light blue)

Good Luck !!
Posted by at
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)