Long term: bullish
On a yearly basis, our stochastic and MACD are oversold. Our 7 / 23 years moving averages are up with a PEI. UY is our main target.
On a quarterly basis, a bullish T2 is in progress.
On a monthly basis, the status for our 7 / 23 months moving averages is an A type bullish crossover. A PEI was not far away with our MACD.
Idea: The market to be on a long term basis
Bet: a type I is not ruled out.
R = UY (3049), +++; S = MM (2006)
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Medium term: rise
On a weekly basis; UW / LW spread is a minimal one. A PEI is in progress with our moving averages.
Idea: could turn bullish with an oversold status for our MACD.
Bet: UW / LW spread will increase.
R = UW (2415); S = MW (2329), LW (2243).
Short term: neutral
On a daily basis, as long as LD proves to be a support, UD could be our first objective.
Idea: TAM will be up soon
Bet: Increase for UD / LD spread.
R = MD (2385), UD (2425); S = LD (2345).
Conclusion: decline below MW (2329).