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.

Friday, April 11, 2008

BakerTech 110408

BakerTech opened right on the uptrend support (low light blue) and downtrend resistance (upp red) today. BakerTech also tested the 0.280 psychological resistance (green --)

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However, there wasn't enough buying interest and it closed below the uptrend support (low light blue) and downtrend resistance (upp red), which means that BakerTech could still be on the downtrend (red).

If BakerTech breaks the long term downtrend support (low pink) next week, we would most likely see it testing the 0.240 low again.

For monday :

Support @ 0.270 (upp red), 0.268 (low green), 0.264 (low blue), 0.262 (mid pink), 0.256 (low pink)
Resistance @ 0.276 (low light blue), 0.280 (green --), .2835 (mid green), 0.290 (upp green)

Good Luck !!
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