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Held By 2% Volatility Band As Pace Of...>

CABLE TECHS
CABLE TECHS: Held By 2% Volatility Band As Pace Of Decline Slows 
*RES 4: $1.3667 May 2 high
*RES 3: $1.3630 May 3 high
*RES 2: $1.3587/93 May 4, intraday highs
*RES 1: $1.3560/70 Hourly resistance
*PRICE: $1.3510 @0914GMT
*SUP 1: $1.3487 May 4 low
*SUP 2: $1.3458 Jan 11 low
*SUP 3: $1.3421 1.618 swing of $1.3487-$1.3593
*SUP 4: $1.3400 2% volatility band
*COMMENTARY* The recently slowed pace of the decline has allowed a move back
within the lower 2% volatility band and this held the fall on Friday at $1.3487.
This has moved lower by time this week and at $1.3400 becomes the protection to
the next Fibo level of note at $1.3386. In between, there is plenty of support
from $1.3458 to $1.3421. Resistance from $1.3587 has been squeezed today but any
recovery hopes will only benefit by a move back above Thursday's $1.3630 high.  

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