(1,5698) The CABLE confirmed a strong weekly closing but the daily one was negative on Friday, however again above the 200 days line1,5698. While above this line on a daily closing the risk is for an extension of the move up suggesting a 1,58 overshooting!! The indicators of the daily chart are still well positive but now overbought and showing potential negative reversals; those of the weekly one are also positive but also here we have potential negative reversals. The indicators of the s/t charts are instead negative this morning suggesting some consolidation/ correction. In the hourly chart we have a potential double top formation with the key level however only at 1,5615!! We expect a test lower with the 200 hours line, now found at 1.5586 the attraction! We stay on the sideline while short and confident.
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