Long term basis: next quarterly MACD status will give the main trend

On a yearly basis, the status for our stochastic is overbought. Our M7 is slightly bullish.  As long as MY proves to be a support, the recovery could continue.

On a quarterly basis, LQ / UQ spread is increasing with lower prices. A bearish no-crossover could be the status for our MACD (end of period). With this hypothesis, a collapse is in hand. Otherwise, above PQ, MQ is our next objective.

On a monthly basis, Bollinger bands spread is minimal. With the quarterly trend, UM and LM are our main targets. As long as MM proves to be a support, UM could be a target.

Idea: recovery as long as MM proves to be a support  

Bet: towards LM if MM fails as a support.

R = UM (4186);    S = MM (3484), LM (2782)

 

Medium term: Bollinger bands spread is maximal

On a weekly basis, our 7 / 23 weeks moving averages are without trend. As long as our stochastic is not overbought, the recovery will continue. UW is our main target.

Idea: below MW, LW could be a target.

Bet: choppy

 

R = UW (4094);               S= MW (3675), LW (3287)

 

Short term: rise

On a daily basis, the status for our moving averages, stochastic and MACD is a weak bullish no-crossover. With this status, UW could be a target. The Bollinger bands spread is not minimal. If MD fails as a support, LD will be our main objective.

Idea: rise as long as MD = support

Bet:

R = UW (4094);     S= MD (3620), LD (3450)

 

Conclusion: rise as long as MD = support