(1,5227) The CABLE formed a positive outside day reversal after a 1,5040 undershooting. We have now 1,5260 – 1,5020 the levels to follow in the coming hours. A break above 1,5260, but we suggest waiting for a 1,5270 break and closing, will support further strength suggesting a move up toward 1,55!! In fact a break above 1,5270 will confirm also a double bottom below 1,5040 with a target at 1,5505!! The indicators of the daily chart are still well positive confirming higher highs and this morning also those of the s/t ones are positive supporting further strength. However, in the hourly hart we have still some small problem to overcome before being able to call a higher CABLE. An hourly closing above 1,5250 will however abort this obstacle supporting the extension of the move up!! We stay on the sideline but yesterday’s move changed the s/t scenery. We buy a break above 1,5270 with a stop below 1,5200 just to avoid a false break also on the upside!!
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