Long term: towards 2400 or lower

On a yearly basis, see the dynamic for – 8 and next…MY failed as a support. 3000 is our first target and 2400 is the next one. Our stochastic is overbought. 2400 should fail as a support. Below 2 000, LY (673) will be our next objective.

On a quarterly basis, our 7 / 23 quarters moving averages crossover could be a bearish A type. Our MACD is overbought. A nice dynamic could develop with each Bollinger band, 2400 is our next target.

On a monthly basis; A bearish parallel pattern is in progress for 4 to 15(?) periods.

Idea: very bearish as long as monthly bearish parallel pattern is in progress.

R = MW (3555);   S = LW (2613)

Medium term: like a bearish parallel pattern

On a weekly basis, our bearish parallel pattern is always in progress. With the bullish crossover PW / prices and a bullish trend for our 7 weeks moving average, our short position is only 50 % from the initial one.

Above MW at the close, the rise will extend towards 4080.

 Idea: use bearish parallel pattern rules.

R = MW (3555), 4080;    S = LW (2614)

Short term: flat

On a daily basis, UD / LD spread is minimal. Without a bullish trend for our weekly time frame; a rise is only a technical recovery. UD (3394) and MW (3555) are our resistances. With an overbought status for our weekly MACD, a bear trend could develop with a close below LD (3096).

Idea: with a daily close below MD (3245) our weekly MACD could be overbought soon.

R = UD (3395);   S = MD (3245), LD (3096).

Conclusion: very weak as long as MW (3555) proves to be a resistance.