Long term: weak

On a yearly basis, Bollinger bands spread is expending. Our 7 / 23 years moving averages are slightly bullish. Stochastic could be overbought. UY is a far away resistance and MY is our first support.

On a quarterly basis, Bollinger spread is above a reference one. LQ is our main target.

On a monthly basis, the UM / LM spread is a reference one and continue to expend. No PEI is in progress for TAM tools.

Idea: lower as long as our monthly MACD is not oversold

Bet: LQ is our main support.

R= MW (.8075);    S= LQ (.7463)

Medium term: type III in progress

On a weekly basis, a bearish parallel is in progress.

Idea: use bearish parallel rules

Bet: towards LQ.

R = MW (.8075);     S = LQ (.7463).

Short term: end of bearish parallels?

On a daily basis: if MD fail as a resistance (at the close), UD could be our next target.

Idea: tonight, focus on daily close

Bet: bearish no-crossover for our moving averages if .7865 (yesterday high) act as a resistance (intraday basis).

R = MD (.7859);   S = LD (.7752).

Conclusion: focus on MD.

Position: Previous= short (daily basis), in progress = short,

next= out with a daily close above MD.