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Analysis: #OTCMKTS $NSRGY

Case 213 #Nestle S.A.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#NSRGY 1/4
Chart 1
Monthly Chart: Short and medium term trends are negative and expecting further losses - a close below 109.30 will target the weekly #SMA 200 at 86.96 then #trendline support at .....

NSRGY 2/4
..... 82.80 (#Fib. 0.382 at 82.11). Major #support zone is 74.55 - 69.80. The long term is #bullish and the main objective is 135.20.

NSRGY 3/4
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