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Jul 29

TECHNICAL ANALYSIS BY NSFX 29.07.2013

By:admin

High:  Low: 

On the weekly chart we are in a wedge formation showing consolidation in the market. Support at the 200 week SMA  and resistance at the 50% Fibonacci level, and the 50 & 100 week moving average area. As  consolidation progresses a  range between the 50% and 38.2% could possibly be seen.

R3
R2
R1
S1
S2
S3