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Default Can I do a conditional formatting on a cell that is not the same w

Can I do a conditional formatting on a cell that is not the same where the
conditions are at?
Let assume that in my model the cell B10 represent a profit or loss of the
project.
In cell B12, I have some text and I want it to be displayed in black if the
value in cell B10 is positive and the text to be displayed in red if the
value in cell B10 is negative.
How do I go about formating cell B12 using conditional formatting?

 
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