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, September 6, 2008

BakerTech 050908

Although BakerTech closed above the downtrend resistance (upp pink), it was still trading sideways since 29 aug. Volume for the last few days has been below even the 1k level.

Moreover, Baker Tech is now trading closer and closer to the 0.160 support (pink --). I have a feeling we could see BakerTech hitting 0.160 before there's any chance of a rebound.

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For monday :

Support @ 0.165 (upp pink), 0.162 (low red), 0.160 (pink --), 0.155 (low pink)
Resistance @ 0.175, 0.186 (mid red), 0.190 (red ...), 0.195
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