Long term basis: lower
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 shrinking. A PEI is in progress with our moving averages.
On a monthly basis, no PEI or NEI is in progress.
Idea: not bullish as long as our monthly M23 is not up
Bet: nothing to do.
R= MM (3495); S= LM (2729), 2400, – – -.
Medium term: flat
On a weekly basis, Bollinger bands spread is shrinking. A bearish no-crossover could develop with our moving averages.
Idea: higher as long as our stochastic is not overbought
Bet: moving averages status is the key.
R= MM (3495), UW (3503); S= LW (2893).
Short term: choppy without trend
On a daily basis, Bollinger spread is above a reference one.
Idea: towards UD if PD fails as a resistance
Bet: UD is our main resistance.
R= PD (3220), UD (3284); S= MD (3182), LD (3080).