/ 

Aug 20

TECHNICAL ANALYSIS BY NSFX 20.08.2013

By:Nati

High:  Low: 

The wedge formation pattern still containing the price action for the time being, with the trend-line resistance being tested in yesterday's session before selling off to support at the 100 day SMA in today's session so far. Should the support level at the 61.8% and 100 day SMA be broken we could see a move to test the 50 day SMA and 50% Fibonacci level in the 150.85 area. Resistance trend-line in the 153.00 region.

R3
R2
R1
S1
S2
S3