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: bearish divergence for our quarterly stochastic

Bet: towards LM if MM fails as a support.

R = UY (3046);     S = MM (2034), LM (1589)

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Medium term: flat

On a weekly basis; UW / LW spread is a minimal one. A bearish no-crossover is in progress with our MACD. Below PW, the main target could be MM.

Idea: lower as long as MW= resistance

Bet: nothing to do.

R = MW (2331);    S = PW (2231), MM (2034).

 

  

Short term: weak

On a daily basis, TAM tools will continue to decline.

Idea: MD is a strong resistance.

Bet: nothing to do.

R = MD (2326);    S = PW (2231).

 

Conclusion: as long as MW = resistance, a new bear trend could develop.