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Aug 12

TECHNICAL ANALYSIS BY NSFX 12.08.2013

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On the daily chart is very easy to spot a price compression.  There is a support in area 147.43, not far  from current market price. The descending trend line is built just with two tops, the first on May and the second last July.  The 21 SMA and the 55 EMA are flat, thus validating the idea of a sideway market.

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R1
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