CAC 40: higher as long as MD= support

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. Stochastic and MACD are oversold.

On a monthly basis; for M23, the trend is bearish. Our stochastic and MACD are oversold. PM could be the main resistance.

Idea: not bullish as long as our monthly M23 is not up

Bet: higher if 3601 fails as a resistance (end of period).

R= 3600.8 (March 2012 high), MQ (3649);    S= LM (2763)

Medium term: towards UW / MQ?

On a weekly basis, as long as M23 is up, MW could act as a support. Above PW, UW is our next resistance.

Idea: warning with a bearish no-crossover for our stochastic and MACD

Bet: MACD is our leading indicator.

R= PW (3583.2), UW (3648.5);               S= MW (3323.7).

Short term: higher?

On a daily basis, UD / LD spread is a reference one. No PEI could develop with TAM tools.

Idea: stochastic is our leading indicator

Bet: towards MD if LD trend is flat.

R= PW (3583.2);     S= MD (3439).

Conclusion: higher as long as MD= support.

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