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Uptrend At Risk After breaking below....>

CABLE TECHS
CABLE TECHS: Uptrend At Risk
After breaking below its 100-dma yesterday the 1.30 level is coming under
pressure as is the uptrend from the Aug lows and the 50-dma. A break below this
support area would return the focus to the Oct 4 lows and extend the broader
downtrend towards the Aug lows. Bulls need to re-take the 100-dma and close back
above 1.32, before targeting the Sep 20 high at 1.3298. A break here would
confirm a large inverse head-and-shoulders pattern, suggesting further topside
gains.

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