/ 

Aug 24

TECHNICAL ANALYSIS BY NSFX 24.08.2014

By:

High:  Low: 

The index reached a new high and the closest test is area 2000.  The higher band of the bullish channel can be considered the dynamic resistance in case the index should consolidate on a new all time high. Both the 21SMA and the 55EMA can work as a dynamic support. Below 1928 the index might test the 200SMA, now at 1885.

R3
R2
R1
S1
S2
S3