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100-dma Fails To Hold The 100-dma at....>

CABLE TECHS
CABLE TECHS: 100-dma Fails To Hold
The 100-dma at 1.3094 was tested and broken again Thursday, cementing a
convincing break lower. A break below 1.3060 would give bears the momentum,
targeting the Oct 4 lows and extending the broader downtrend. Bulls need to
re-take the 100-dma and close back above 1.32, before targeting the Sep 20 high
at 1.3298. A break here would confirm a large inverse head-and-shoulders
pattern, suggesting further topside gains.

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