Oversold Near Term After Approach To....>

CABLE TECHS: Oversold Near Term After Approach To Equality Fall Target

*RES 4: $1.4246/47 Hourly high Apr 18, Apr 19 high

*RES 3: $1.4195/00 Congestion area Apr 18-19

*RES 2: $1.4161 Initial low Apr 19, now resistance

*RES 1: $1.4100/15 Hourly resistance

*PRICE: $1.4057 @0845GMT

*SUP 1: $1.4030 Equality fall from $1.4246 to $1.4377-$1.4161

*SUP 2: $1.3966 Apr 5 low, 61.8% of $1.3712-$1.4377

*SUP 3: $1.3930 Mar 6 high, now support

*SUP 4: $1.3913 2% volatility band

*COMMENTARY* The loss of $1.4160-$1.4120 late in the day on Thursday, the

catalyst for a drop toward the next $1.4068-$1.4063 support area. This has been

breached today, leaving behind the 8 week support line at $1.4078 and the lower

1% volatility band at $1.4055, as we head towards the equality fall target at

$1.4030. Heavily oversold near term and this now is the protection against a

$1.3966 fall. Nearest resistance of note $1.4100-$1.4115 with $1.4161 above.