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Jul 24

TECHNICAL ANALYSIS BY NSFX 24.07.2013

By:Nati

High:  Low: 

It seems there could be some stops in the 23.6% Fibonacci area on the downside, with support showing just above the 9.65 area. A possible breakout below this level could see supporting levels at the 9.55 area. The 200 day SMA could still be seen as a major supporting level as it coincides with a lower supporting trendline. Should we see a bounce off the 23.6% level resistance could be offered in the 9.79 region.

R3
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R1
S1
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S3