Long term basis: lower
On a yearly basis, stochastic and MACD could continue to be overbought for two periods or more.
On a quarterly basis, LQ / UQ spread is maximal. A PEI is the status for our moving averages.
On a monthly basis; for TAM tools, decline will continue.
Idea: lower as long as monthly MACD is not oversold
Bet: lower.
R = MM (3667); S = PQ (2533), 2003 low / LQ (2364), LY (1115)
Medium term: bearish parallel in progress
On a weekly basis, a bearish parallel is in progress as long as MW proves to be a resistance at the close.
Idea: use bearish parallel rules
Bet: technical recovery in progress.
R = MW (3323), UW (4033); S= LD (3049)
Short term: flat
On a daily basis, UD / LD spread is a reference one. TAM tools are without trend.
Idea: UD = resistance and LD = support
Bet: wait.
R = UD (3321); S= MD (3185), LD (3049).
Conclusion: nothing to do.