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Recovering After Hold Above $1.3855.....>

CABLE TECHS
CABLE TECHS: Recovering After Hold Above $1.3855 Fibo Level
*RES 4: $1.4077 76.4% Fibo of $1.4145-$1.3924
*RES 3: $1.4050/56 Feb 19 high, equality rise from $1.3924
*RES 2: $1.4029 1.618 swing of $1.3989-$1.3924
*RES 1: $1.4009 Feb 21 high
*PRICE: $1.3986 @0942GMT
*SUP 1: $1.3924 Intraday low
*SUP 2: $1.3890 Hourly support
*SUP 3: $1.3855 76.4% Fibo of $1.3765-$1.4145
*SUP 4: $1.3833 1% volatility band
*COMMENTARY* Fell early in the day on Thursday, losing support from
$1.3920-$1.3902. Found support from $1.3857 just above the next marker of note,
the 76.4% Fibo retrace level at $1.3855. This the protection to the lower 1%
volatility band at $1.3833 and the Feb 14 low at $1.3800. Oversold near term,
back above $1.3975 encourages for perhaps a greater $1.4029-$1.4056 rise. Will
need back through $1.4077-$1.4115  before real topside confidence will appear.

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