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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 |