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Aug 10

TECHNICAL ANALYSIS BY NSFX 10.08.2014

By:

High:  Low: 

The index closed inside the bullish channel and might test the 55EMA at 1942. Above this level there is the multiple top in area 1990 and if price action should win this resistance the index might trade in unchartered territory again with price projection in area 2030. In case Friday performance was a fake breakout price could fall to the 200SMA in area 1876 and then to 1811.

R3
R2
R1
S1
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S3