(1,5440) The CABLE confirmed another weak closing last night suggesting further weakness and a possible sell off toward 1,50 if not even below of it!! The indicators of the daily chart are still well negative while those of the s/t ones are showing a mixed picture suggesting some consolidation with however a clear downside bias. It failed last night to confirm what we saw as a possible rebound making instead a new low and taking out our stop. Nevertheless it did not go much lower and we still see the chance for a decent rebound. This time we prefer waiting for stronger signals!!
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