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Decline Holds Above The Lower 2%........>

CABLE TECHS
CABLE TECHS: Decline Holds Above The Lower 2% Volatility Band
*RES 4: $1.4124 61.8% Fibo of $1.4346-$1.3765, 1% vol band
*RES 3: $1.4056/67 50% Fibo of $1.4346-$1.3765, Feb 8 high
*RES 2: $1.3980/88 Jan 30 low, Feb 9 high
*RES 1: $1.3935/45 Hourly congestion Feb 8-Feb 9
*PRICE: $1.3900 @1610GMT
*SUP 1: $1.3834/45 Intraday low, hourly support
*SUP 2: $1.3796 Feb 12 low
*SUP 3: $1.3765 Feb 9 low
*SUP 4: $1.3693/05 1.618 swing $1.3836-$1.4067, 2% vol band
*COMMENTARY* The correction of the recent $1.3458-$1.4346 gains, saw a low of
$1.3765 on Friday, just below the 61.8% retrace at $1.3797. This, keeping us
above the lower 2% volatility band at $1.3705 today and the next swing target at
$1.3693. In the interim, the recovery has surpassed initial $1.3880-$1.3902
resistance but any further progress is now likely beholden to a $1.3945-$1.3988
break. Support comes from $1.3845 and then the day's $1.3834 low.

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