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Sharp Pullback After Brief Rally........>

CABLE TECHS
CABLE TECHS: Sharp Pullback After Brief Rally Through $1.4196 Fibo Level
*RES 4: $1.4272/79 2% volatility band, Feb 1, Feb 2 highs
*RES 3: $1.4220 Intraday high
*RES 2: $1.4180/90 Intraday hourly highs
*RES 1: $1.4135 Hourly resistance
*PRICE: $1.4083 @1535GMT
*SUP 1: $1.4055/60 Hourly congestion area Mar 21
*SUP 2: $1.4018/20 Hourly base Mar 19, initial high Mar 20
*SUP 3: $1.3983 Mar 20 low
*SUP 4: $1.3960/65 Congestion area Mar 13-Mar 16
*COMMENTARY* Recovered well from Tuesday's drop to $1.3983. Today's rally
surpassed the 3 week bull channel top at $1.4175 and also the next level of
note, the 76.4% Fibo retrace level at $1.4196. A high of $1.4220 before running
into some near term heavily overbought conditions. As a result of the subsequent
fall, now looking at $1.4060-$1.4018 corrective potential. Resistance meanwhile
comes from $1.4135 and then $1.4180-$1.4190.

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