Long term: flat
On a yearly basis, Bollinger band spread is not
minimal but is increasing. Our 7 / 23 years moving averages are slightly
bullish. Stochastic and MACD are neutral. UY is our main resistance and MY is
our main support.
minimal but is increasing. Our 7 / 23 years moving averages are slightly
bullish. Stochastic and MACD are neutral. UY is our main resistance and MY is
our main support.
On a quarterly basis, Bollinger spread is a reference
one. A bearish no-crossover is the status for our MACD. LQ is our first
objective.
one. A bearish no-crossover is the status for our MACD. LQ is our first
objective.
On a monthly basis, the UM / LM spread is above a
reference one. TAM tools are on the down side. LM is our main target.
reference one. TAM tools are on the down side. LM is our main target.
Idea: lower
Bet: towards LM.
R= MM (1.36), PQ (1.494); S= LM (1.2322)
Medium term: lower but not bearish
On a weekly basis, UW / LW spread is above a reference
one. No PEI is in progress with TAM tools. As long as MW proves to be a
resistance, the decline could continue.
one. No PEI is in progress with TAM tools. As long as MW proves to be a
resistance, the decline could continue.
Idea: nothing to do
Bet: bearish below PW / LW.
R = MM (1.36), MW (1.3847); S = PW (1.3212), LW (1.3103)
Short term: flat
On a daily basis, UD / LD spread is a reference one.
No PEI is in progress.
No PEI is in progress.
Idea: UD = strong resistance and LD = main support
Bet: wait early next year.
R = UD (1.3678);
S = LD (1.3245)
S = LD (1.3245)
Conclusion: weak.