(1,5230) The CABLE confirmed another weak closing already testing the 1,52 area. This decline confirmed a negative reversal in the daily chart suggesting a m/t target at 1,4342. Only a return above 1,5610 will postpone this scenery! The indicators of the daily chart are still well negative as well as those of the s/t ones supporting further weakness. We have however oversold conditions and this could favour a rebound. A break below 1,5190 confirmed by an hourly closing will however confirm further direct weakness suggesting a 1,50 undershooting!! We stay on the sideline waiting for a decent rebound to sell!!
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