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Sep 10

TECHNICAL ANALYSIS BY NSFX 10.09.2013

By:

High:  Low: 

The 55EMA was a valid support but likely to see the shiny metal to test the lower band of the channel. It dropped only 5% from the 28th of August peak and few more dollars of retracement would not change the bullish pattern. Only below 1300 sellers would be in control again.  The target of this rally is 1500, a convergence of both 200SMA and descending supply line.

R3
R2
R1
S1
S2
S3