Long term: bearish as long as MM proves to be a resistance

On a yearly basis, our stochastic is overbought.

On a quarterly basis; with a new decline, a nice dynamic could be in progress with each Bollinger band. With our 7 / 23 quarters moving averages a bearish A type crossover could develop. Our MACD could not be oversold before two periods or more. If the next status of our stochastic is a bearish non-crossover, a collapse will be in hand. On a monthly basis; a bearish parallel pattern is in progress as long as MM proves to be a resistance. PM failed as a resistance with M7 trend which is up. Above MM, MQ is our next target.

Idea: bearish non-crossover for our quarterly stochastic if MM = resistance.

R = MM (3768), MQ (4538);   S = MW (3300), LW (2939)

Medium term: technical recovery

On a weekly basis, a bullish non-crossover is in progress with our 7 / 23 weeks moving averages. With the monthly trend, no bullish ATDMF pattern could develop. With a close below MW, LW is our next target.

Idea: with UW / LW spread + monthly trend, this time frame will stay choppy without main trend.

R = MM (3768);   S = MW (3300), LW (2939)

Short term: UD / LD spread is not minimal

On a daily basis, a bearish A type crossover could develop with our  7 / 23 days moving averages. With Bollinger band spread, a bearish pre-parallel pattern could develop in September.

Idea: nothing to do next week.

R = UD (3725);     S= LD (3386)

Conclusion: as long as MM (3768) proves to be a resistance, the rise in progress is only a technical recovery.