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Jul 04

TECHNICAL ANALYSIS BY NSFX 04.07.2013

By:Nati

High:  Low: 

On the chart a wedge formation drawn from a low in August 2011 through more recent lows in April this year offer the supporting level, and resistance is drawn from the high July 2012 and May this year. The Fibo is drawn using the high and low from July 2012 and August 2011. Range in the short term could be on the pivot level support/resistance which are close to 100 day and 50 day SMAs.

R3
R2
R1
S1
S2
S3