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Sep 17

TECHNICAL ANALYSIS BY NSFX 17.09.2013

By:Nati

High:  Low: 

A bull market since June 2012 continues, and a close below the supporting trend-line and the 200 day SMA  would need to be confirmed to reverse this trend. Gapping up this week above previous resistance in the 8550 region could see this level as support going forward. A continuation into uncharted territory seems possible. A close below the support could see a retracement back to 8300 before any test of the supporting trend-line on the chart gets tested going forward.

R3
R2
R1
S1
S2
S3