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Aug 22

TECHNICAL ANALYSIS BY NSFX 22.08.2013

By:Nati

High:  Low: 

A close above the wedge formation could give scope for a continuation of the upward trend seen prior to the consolidation phase. Resistance possibly found at 153.63, followed by further possible resistance in the 154 area. Should sellers enter the market, and drive prices back into the wedge formation, support could seen at the 100 day SMA at 151.81 at present.

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