Long term basis: towards LQ or lower

On a yearly basis, TAM tools are neutral.

On a quarterly basis, LQ / UQ spread is maximal. A PEI is in progress with our moving averages. LQ is our first target.

On a monthly basis, Bollinger bands spread is a PEI. Next period; with an amplification of UM trend, a bearish pattern will be in progress.

Idea: weak as long as quarterly M 23 is not bullish

Bet: below LQ if – 8 (3936) proves to be a resistance at the current close.

R = MM (3738);    S = 2003 low / LQ (2401), LQ (2377), LY (1121)

 

Medium term: bearish parallel

On a weekly basis, a type II is in progress.

Idea: use bearish parallel rules

Bet: focus on UW trend for 9….

 

R = PW (3528)               S= LQ (2377)

 

  

Short term: flat

On a daily basis, TAM tools are neutral.

Idea: nothing to do  

Bet: lower with a PEI on the weekly stochastic.

R = UD (3284);     S= LD (2970).

 

Conclusion: wait early October.