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.

Saturday, April 26, 2008

BakerTech 250408

Baker Tech seems to have found temporary support @ 0.290. However, BakerTech also tested the uptrend support (mid green), and also closed below the downtrend support (mid red).

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The point where the 2 support (mid green, mid red) meets next week on 29 apr at 0.295 will be crucial. If Baker Tech starts trading below that level, we might see it re-visiting the 0.280 support (green --).

If BakerTech can hold onto the uptrend support (mid green), we might still see it having a chance at testing the 0.315 resistance (pink --)

For monday :

Support @ 0.293 (mid green), 0.287 (low red), 0.280 (green --)
Resistance @ 0.295 (mid red), 0.300, 0.305, 0.313 (upp red), 0.315 (pink --)

Good Luck !!
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