(1,5084) The CABLE confirmed another strong closing however this time a real one suggesting we have a s/t bottom and chances are now there for a larger correction even toward 1,5350!! The indicators of the daily chart have already moved above the line supporting the rebound and also those of the s/t charts are positive. The indicators of the hourly chart are already a little overbought but in the same time the move up formed already bearish divergences and this is now supporting a positive tone. We expect further strength toward next resistance line above 1,5200. Possible corrections should find support already at 1,5060 before the 200 hours line at 1,4990. We suggest buying a possible return toward 1,50 for a 1,52 overshooting!! We sell instead a direct 1,52 overshooting for a return toward the 200 hours line.
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Future Trend Research