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Aug 19

TECHNICAL ANALYSIS BY NSFX 19.08.2013

By:Nati

High:  Low: 

Current trading range within the wedge formation, the upper trend-line offering resistance in the 153.00 area. Today sees early indecision so far, support offered below at the 100 day SMA area. Breakout above the trend-line could see a possible test of 153.50 before further resistance in the 154 area. Downside action could see major support at the coinciding 50% Fibonacci level, and the 50 day SMA at 150.80

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