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Rallies Failing to Build Failure to.....>

CABLE TECHS
CABLE TECHS: Rallies Failing to Build
Failure to build on gains above 1.2650 keeps the recent downtrend intact. Bears
continue to focus on a break of 1.25 & the ytd low at 1.2478, before challenging
the Apr 11 2017 low at 1.2404. Bulls need to clear 1.27 (series of previous
lows) to stabilise the short-term outlook. A close above targets the 21-dma &
38.2% retracement level at 1.2716/44, ahead of the Dec highs at 1.2840.

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