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 will continue to decline. Bollinger bands spread continue to increase.

Idea: lower as long as monthly MACD is not oversold

Bet: lower.

R = MM (3607);    S = PQ (2565), 2003 low / LQ (2236), LY (1313)

Medium term: neutral

On a weekly basis, Bollinger bands spread is a reference one. A bullish no-crossover is the status for our stochastic and MACD. M23 trend is down.

Idea: UW is a strong resistance and LW is our main support

Bet: nothing to do.

R = UW (3303);               S= MW (3096), LW (2849).

Short term: flat

On a daily basis, UD / LD spread is a reference one. TAM tools are neutral.

Idea: as long as MD = support, a bullish pre-parallel pattern could develop

Bet: towards LD if MD fails as a support.

R = UD (3240);     S= MD (3096), LD (2953)

Conclusion: focus on MD.