(1,5725) The CABLE confirmed a strong closing on Friday but it failed to confirm the break above the resistance of the negative outside day at 1,5820. The indicators of the daily chart are still well negative as well as those of the weekly one supporting further weakness. The indicators of the s/t charts are mixed this morning suggesting further consolidation. Firday’s overshooting of the 1,5840 level sent well overbought the indicators of the hourly chart showing also a potential negative reversal situation. However, also here the RSI exceeded the 70% level suggesting a possible change of the range. We sold the 1,58 overshooting as suggested and are now looking for a 1,57 undershooting to take it back. We move the stop already to 1,5815!!
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