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Aug 09

TECHNICAL ANALYSIS BY NSFX 09.08.2013

By:Nati

High:  Low: 

Current trading range within a possibly wedge formation, the 38.2% Fibonacci level saw some interest but the buying interest being the more powerful yesterday. Today sees early indecision so far although the possibility of an upward move following yesterdays bullish candle with resistance in the 50% Fibo area, and the 50 day and 100 day SMA area. Support possibly in the 150.00 area before a retest of the 23.6% Fibonacci level on the chart can be tested.

R3
R2
R1
S1
S2
S3