BakerTech 110708

After being on the downtrend for about a month, BakerTech finally broke through a few resistances. However, it is still some way off the 0.340 high it hit on 7 may, and there are still a few big hurdles to clear along the way.

If Baker Tech manages to trade at least above the 0.270 level (blue --), we could see it slowly reversing its downtrend.

However, if BakerTech trades below the 0.270 level, it could indicate that today was a false break.



For monday :

Support @ 0.283 (upp pink), 0.280 (green --), 0.270 (blue --), 0.256 (low pink, low red), 0.255 (red --)

Resistance @ 0.290 (red ...), 0.298 (upp red), 0.300 (blue ...), 0.305 (pink ...)

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