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Aug 30

TECHNICAL ANALYSIS BY NSFX 30.08.2013

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High:  Low: 

The resistance in area 8206 works like a pullback but the spikes on the lower part of the last three black candle explain buying activity. Both 21SMA and 55EMA are pointing downwards. Area 8000 is the coincidence of many technical factors (round number, SMA200, demand line) and will be in this area that market operators will rise their attention.

R3
R2
R1
S1
S2
S3