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 could continue to decline. Bollinger bands spread could stabilize.

Idea: lower as long as monthly MACD is not oversold

Bet: lower.

R = MM (3604);    S = PQ (2565), 2003 low / LQ (2254), LY (1324)

Medium term: rise

On a weekly basis, Bollinger bands spread is a reference one. A bullish no-crossover is the status for our stochastic and MACD. With a bear trend for our monthly moving averages, the rise in progress is only a technical move.

Idea: rise as long as our MACD is not overbought

Bet: nothing to do.

R = MM (3604);               S= MW (3150).

Short term: bullish parallel in progress

On a daily basis, a type III occurred.

Idea: use bullish parallel rules

Bet: higher as long as PD = support.

R = UD (3457);     S= PD (3308).

Conclusion: focus on PD.