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, July 19, 2008

BakerTech 170708

BakerTech still continues to trade within the downtrend channel (pink), creating a new low of 0.260 and a lower high today. It also seems that Baker Tech could barely hold on to its 0.270 support (blue --).

We could continue to see BakerTech trade within the downtrend channel next week, with in the increased possibility of it testing the 0.255 support (red --)

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For monday :

Support @ 0.270 (blue --), 0.257 (mid pink), 0.255 (red --), 0.251 (low red), 0.248 (low pink)
Resistance @ 0.2757 (upp pink), 0.280 (green --), 0.290 (red ...), 0.293 (upp red)
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