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, July 1, 2008

BakerTech 010708

We finally saw Baker Tech break the 0.280 support on 30 jul, and BakerTech also tested and closed right on the long term downtrend support(low red). We could be seeing a repeat of the protracted downtrend which started in the middle of feb till middle of mar.

Right now, the next significant support for Baker Tech, based on volume, could be at the 0.255 level (red --). If that also breaks, we would most likely see BakerTech testing the 0.240 low again.

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For tomorrow :

Support @ 0.264 (low red), 0.260 (low pink), 0.255 (red --)
Resistance @ 0.270 (blue --), 0.275 (pink --), 0.280 (upp blue, upp pink, green --), 0.290 (red ...)

Hope you find my analysis helpful. Thank you for your support !!
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