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Oct 14

TECHNICAL ANALYSIS BY NSFX 14.10.2013

By:admin

High:  Low: 

Another positive week for the index, although quite volatile, but not managing a follow-through on the downside, closing the week back above the 50- and 100-day SMAs, briefly touching 1700+ levels. This morning we have gapped lower and with Stochastics overbought, we could see a move towards trend support at 1670, but "buy on dips" is still the setup could be closing the gap.

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