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Oct 04

TECHNICAL ANALYSIS BY NSFX 04.10.2013

By:Nati

High:  Low: 

The uptrend maybe in the process of a reversal although a close below the trend-line on the chart would be needed to begin to test the strong uptrend. Yesterday saw a high range of trading. Support was found close to the 61.8% Fibonacci level drawn from the low on the 28th of August and the high on the 19th September. The 50 day SMA and the weekly high offer resistance, a close above these areas could affirm the uptrend.

R3
R2
R1
S1
S2
S3