Long term: LQ (3112) = first target

On a yearly basis, see the dynamic for – 8 and next…LQ (3112) is our first target.

On a quarterly basis, our 7 / 23 quarters moving averages are not bearish but our 7 quarters moving average will decline, at least, for 4 periods. Our MACD is overbought.  The main trend is not bullish. Below MY (3383), LQ (3113) is our next objective. Below 3000, 2401 (previous low) is a target.

On a monthly basis; Bollinger bands are diverging with a strong dynamic. A bearish crossover PM / MM is in progress. A bearish non-crossover is in progress with our stochastic and MACD. For our 7 / 23 months moving averages, a bearish A type crossover is in progress.  Over the next periods, the bear trend for our moving averages will improve.   A bearish parallel pattern is in progress.

Idea: use bearish parallel pattern rules on a monthly basis.

Medium term: weak but not bearish

On a weekly basis, Bollinger band spread is maximal. A bearish non-crossover is the status for our 7 / 23 moving averages. Our stochastic and MACD are overbought. As long as MD (4020) proves to be a resistance, the decline could amplify.

 Idea: AMF could stop trading…

Short term: bearish as long as our MACD is not oversold

On a daily basis, UD / LD spread increase with a strong dynamic for each Bollinger Band. A bearish non-crossover is the status for our 7 / 23 moving averages, stochastic and MACD. MY (3383) is our first target. LQ (3113) is the next one and 2 401 is our main objective if 3 000 fails as a support.

Idea: Paradise for Put warrant lovers (about + 20 % each day since one week)

Conclusion: as long as MD (4020) = resistance, a collapse is in progress.