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Downtrend Building Momentum Tuesday's...>

CABLE TECHS
CABLE TECHS: Downtrend Building Momentum
Tuesday's close below the 100 & 200-dma's has seen the downtrend extend through
1.29 to its lowest levels in three months. A downside break of the Feb 12 low at
1.2833 opens the 61.8% retracement of the 2016 lows to the 2018 highs at 1.2810.
Bulls need to recover the 200/100-dmas at 1.2962/64 to stabilise the outlook,
while a break back above triangle resistance at 1.3029 is needed to suggest an
upside reversal.

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