Long term: towards LY (6342)
On a yearly basis, LY (6342) is our first support.
On a quarterly basis, the status for our stochastic and MACD is overbought. The spread UQ / LQ is wide but extend. For our 7 / 23 quarters moving averages, a bearish A type crossover is in progress. LY (6342) is our first target.
On a monthly basis, a bearish parallel pattern is in progress.
Idea: below LY (6342) is not ruled out.
R = UW (9276), 9326; S = 6994, LY (6342)
Medium term: recovery above UW (9276)
On a weekly basis, a bullish non-crossover is in progress with our MACD. Above UW (9276); as long as our MACD is not overbought, the technical recovery will continue.
Idea: only technical recovery as long as PM (10569) acts as a resistance.
R = UW (9276), 9326, PM (10569); S = MW (8223), LW (7169)
Short term: flat
On a daily basis, UD / LD spread is minimal. A bearish A type crossover could develop with our 7 / 23 days moving averages. A bearish non-crossover is the status for our stochastic and MACD. LD (8307) is our main target if PD (8612) fails as a support.
Idea: bullish intraday trading
R = UD (9147); S = PD (8612), LD (8307), MW (8223)
Conclusion: very bearish if UW (9276) acts as a resistance.