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Big movement expected on NAS100 after a breach of the support

NAS100 has broken through a support line of a Rising Wedge and suggests a possible movement to 12496.3509 within the next 6 days. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 29 days.

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Chevron – approaching a price line that has been previously tested numerous times in the past

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Support line breached by General Electric Co.. This price has been tested at least twice before.

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