Long term: weak
On a yearly basis, Bollinger bands spread is not minimal. Our 7 / 23 years moving averages are slightly bullish. Stochastic is overbought. UY is our main resistance and MY is our main support.
On a quarterly basis, Bollinger spread is a reference one and UQ / LQ spread is expending. A bearish no-crossover is the status for our MACD. LQ is our first objective.
On a monthly basis, the UM / LM spread is above a reference one. A bearish no-crossover is the status for our stochastic. LM is our first support and MM is our main resistance.
Idea: lower as long as our monthly stochastic is not oversold
Bet: below LM is not ruled out.
R= MM (1.3675); S= LM (1.2647)
Medium term: bearish parallel
On a weekly basis, a type III occurred.
Idea: use bearish parallel rules
Bet: towards LW.
R = MW (1.3215); S = LW (1.2659)
Short term: lower
On a daily basis, UD / LD spread is a reference one. A PEI is the status for our stochastic and MACD.
Idea: lower as long as our MACD is not oversold
Bet: a type I or II could develop.
R = MD (1.3235); S = LD (1.3005).
Conclusion: LM AS A FIRST TARGET.