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The rally from a dip below the..........>

CABLE TECHS
CABLE TECHS: The rally from a dip below the 100-WMA ($1.3073) bought bulls
breathing room last Friday with the recovery seeing a pop above the 21-DMA
($1.3241) lack follow through. A close above $1.3314 remains needed to shift
initial focus back to $1.3415-1.3528 where the 55-WMA ($1.3445) & 55-DMA
($1.3415) are noted. Bears dominate while $1.3314 caps and continue to look for
a close below to $1.2995 initially target $1.2770 Aug lows.

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