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Jul 22

TECHNICAL ANALYSIS BY NSFX 22.07.2013

By:Nati

High:  Low: 

Following a break of the 50 day SMA today a close below S2 level on the pivots could see little support till the 23.6% Fibo level area. Resistance at the 50 day SMA although a close above this could see the 9.92 resistance level from late last week be retested. A correction towards between the 23.6% and 38.2% area may be seen before more bullish action resumes, the 200 day SMA could offer long term support going forward.

R3
R2
R1
S1
S2
S3