Long term basis: lower
On a yearly basis, stochastic and MACD could continue to be overbought for two periods or more.
On a quarterly basis, LQ / UQ spread is maximal. A PEI is the status for our moving averages. Our stochastic could be oversold soon.
On a monthly basis, TAM tools will continue to decline. Bollinger bands spread continue to increase.
Idea: lower as long as monthly MACD is not oversold
Bet: lower.
R = MM (3607); S = PQ (2565), 2003 low / LQ (2236), LY (1313)
Medium term: neutral
On a weekly basis, Bollinger bands spread is a reference one. A bullish no-crossover is the status for our stochastic and MACD. M23 trend is down.
Idea: UW is a strong resistance and LW is our main support
Bet: nothing to do.
R = UW (3303); S= MW (3096), LW (2849).
Short term: flat
On a daily basis, UD / LD spread is a reference one. TAM tools are neutral.
Idea: as long as MD = support, a bullish pre-parallel pattern could develop
Bet: towards LD if MD fails as a support.
R = UD (3240); S= MD (3096), LD (2953)
Conclusion: focus on MD.