(1,5520) The CABLE confirmed negative closing after a test with undershooting of the 200 days line that for now limited the down move. However, a daily closing below this line will support further weakness!! The indicators of the daily chart are however still positive but those of the s/t charts are instead below the line supporting further weakness. The decline started also forming bullish divergences in the hourly chart supporting a change of the tone to negative. Further weakness is therefore possible while rebounds should be selling opportunities. We wait therefore for a possible rebound to sell possibly close to the 1,56 level!!
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