Long term: lower
On a yearly basis, TAM tools are down. 89.59
(Historical Low) is our first target.
On a quarterly basis, a type 1 should develop.
On a monthly
basis, a bearish no-crossover is in progress with TAM tools.
Idea: MW is our maximal target
Bet: a selloff is expected.
R= MW (107.63);
On a weekly basis, TAM tools are neutral.
Idea: MW = strong resistance and LW = main support
R = MW (107.63);
S = LW (101.32)
Short term: weak
On a daily basis, UD / LD spread is expending. PD
trend is bearish: a PEI could develop with our MACD.
Idea: decline as long as our MACD is not oversold
R = MD (105.95);
S = LD (102.56)
Conclusion: bearish on a long term basis.