Long term basis: technical recovery
On a yearly basis, stochastic and MACD could continue to be overbought for two periods or more. As long as MY (end of period) proves to be a resistance, the main trend is not bullish.
On a quarterly basis, LQ / UQ spread is maximal but shrinking. TAM tools will stay weak for two periods or more.
On a monthly basis, with a NEI as a status for our moving averages, a bullish trend is impossible.
Idea: cannot be bullish
Bet: MM is a strong resistance.
R = MM (3585); S = LM (2874)
Medium term: trading range
On a weekly basis, no PEI or NEI could develop with TAM tools.
Idea: weak as long as our stochastic is not oversold
Bet: towards LW as long as MW (e.o.p) acts as a resistance.
R = MW (3311), UW (3610); S= LW (3011).
Short term: weak
On a daily basis, a weak bearish no-crossover is the status of our moving averages.
Idea: MD will act as a resistance
Bet: bearish pre-parallel
R = MD (3494); S= LD (3081).
Position: lower if MD (e.o.p) acts as a resistance.