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Sep 10

TECHNICAL ANALYSIS BY NSFX 10.09.2013

By:admin

High:  Low: 

Cable keeping positive momentum with key resistance at the 50% Fibo in the 2013 high-low wave being tested. 50-day SMA close to breaking above 100-day SMA could imply further upside, but watch out for elevated Stochastics. A break above 1.5637 should lead to a test of June highs at 1.5751, where stops above could trigger additional upside acceleration. Weekly, the 200-week SMA at 1.5744 should be noted for potential offers.

R3
R2
R1
S1
S2
S3