BakerTech 110608

After hitting the 0.325 resistance (red --) on 6 jun, Baker Tech again failed to build on the uptrend momentum, and has been trading sideways since, and finding temporary support at the 0.305 level (pink ...).

If we were to assume history repeats itself, we could see BakerTech trading sideways at least until next week, when the long term downtrend resistance (red) meets the uptrend support (low blue) at around the 0.307 level, which would be the average number of days (9-12 days) between the high volume days.



For tomorrow :

Support @ 0.305 (pink ...), 0.302 (low blue), 0.300 (blue ...), 0.2975 (low pink), 0.290 (red ...)
Resistance @ 0.313 (red), 0.315 (mid pink, pink --), 0.325 (upp pink, red --), 0.329 (upp blue)

Hope you find my analysis helpful. Thank you !!