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 25, 2008

BakerTech 250308

BakerTech today broke the uptrend resistance (upp light blue) as well as the downtrend resistance (mid pink) with volume, and closed right on the 0.280 psychological resistance.

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BakerTech has been creating higher lows for the last 3 days. I've indicated this using the short term uptrend channel (purple).

If BakerTech can break the 0.280 psychological resistance, we might see it testing the long term downtrend resistance (upp pink) at the 0.310 level.

For tomorrow :

Support @ 0.271 (mid pink), 0.2647 (upp light blue), 0.2586 (low light blue), 0.255 (low purple)
Resistance @ 0.293 (upp purple), 0.300 (pink --)

Good Luck !!
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