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Aug 07

TECHNICAL ANALYSIS BY NSFX 07.08.2013

By:Nati

High:  Low: 

support at 150.30 which had held for the past three trading days, was broken with a drop as to last week's low in the 148.19 area. Resistance now at the 150.30 area. Support below could be expected around 147.70 the supporting trend-line on the chart and the closing price on the 14th June. A breakout below this figure could give scope for further downside action, perhaps as far as the 200 day SMA region, which coincides with an area of resistance in March at around the 145.50 area.

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