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, August 23, 2008

BakerTech 220808

BakerTech recovered a little after the Doji formed on 19 aug. However, this rebound could be short-lived as we see Baker Tech still unable to break the 1st long term downtrend resistance (mid red).

BakerTech also seems to have found some temporary support @ the 0.185 level. However, as mentioned previously on 19 aug, we could still see BakerTech testing the 0.160 support (pink --) if the 1st long term downtrend resistance (mid red) is not broken by next week.

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For monday :

Support @ 0.185 (pink --), 0.164 (low red)
Resistance 0.1965 (mid red), 0.225 (pink ...), 0.235
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