Yearly trend: bullish.

On a yearly basis, MY acted as a support but T1 price failed as a support. Our stochastic is overbought and our 7 / 23 years moving averages are bullish. As long as MY (34) acts as a support, a new rise could develop.

Idea: UY (74) could be a target.

Long term: lower

On a quarterly basis, the spread UQ / LQ is maximal. With our 7 / 23 quarters moving averages, a bearish B type crossover will develop. The status for our stochastic is a bearish non-crossover. LQ (23) could be a target as long as MQ (68) proves to be a resistance.

On a monthly basis, the spread UM / LM is maximal and expending. With our 7 / 23 months moving averages, a bearish A type crossover is in progress.

Idea: MY (34) could be a target.

Medium term: bearish parallel pattern

On a weekly basis, a bearish parallel pattern is in progress. PW failed as a resistance. This week, if 50.50 act as a resistance holds 100 % of your short position. Otherwise, close 50 % of the position.

Idea: use bearish parallel rules.

R = 50.50, MW (71);   S = MY (34)

Short term: no bullish ATDMF pattern

On a daily basis, the spread UD / LD is not far away from its minimal level. UD could fail as a resistance. With our weekly trend, a rise towards 50.50 or above will be only a technical recovery.

Idea: recovery as long as MD (42.52) proves to be a support.

R = 50.50, MW (71);   S = (MD (42.51), LD (36.61)

Conclusion: a rise above 50.50 and towards MW (71) will be only a technical recovery.