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.

Thursday, April 17, 2008

BakerTech 170408

BakerTech managed to recover on 15 apr and broke the 0.280 resistance level (green --). It also broke the long term downtrend resistance (upp pink) and tested the 0.310 resistance level (pink --) on 16 apr.

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Although today BakerTech opened right on the 0.310 resistance level and weakened, it still managed to close above the uptrend support (mid green) and long term downtrend resistance (upp pink).

If BakerTech continues to trade within the uptrend channel, we might see it testing the 0.310 resistance level (pink --) again. If the support is broken, we might see BakerTech receding to the 0.280 support level (green --).

For tomorrow :

Support @ 0.2914 (mid green), 0.2894 (upp pink), 0.280 (green --), 0.2758 (low green)
Resistance @ 0.315 (upp green, pink --), 0.330

Good Luck !!
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