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.

Sunday, September 14, 2008

BakerTech 120908

BakerTech tested the 0.160 support (pink --) twice this week, and it even tested the long term downtrend support (low red) today before closing on the 0.160 support.

We could see Baker Tech continue to trade lower within the downtrend channel (pink), and the chances of BakerTech closing below the 0.160 next week is very high if it doesn't break the downtrend resistance (upp pink) soon.

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For monday :

Support @ 0.160 (pink --), 0.1516 (mid pink), 0.150 (low red), 0.141 (low pink)
Resistance @ 0.163 (upp pink), 0.175, 0.1815 (upp red), 0.190 (red ...)
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