Long term: flat

On a yearly basis, Bollinger bands spread is not minimal. Our 7 / 23 years moving averages are slightly bullish. Stochastic is overbought. UY is our main resistance and MY is our first support.

On a quarterly basis, Bollinger spread is a reference one and UQ / LQ spread is expending. A bearish no-crossover is the status for our MACD. LQ is our first objective.

On a monthly basis, the UM / LM spread is above a reference one. TAM tools will continue to decline. LM is our main target.

Idea: MM is a strong resistance

Bet: LM is our main support.

R= MM (1.3654), MQ (1.3945);    S= LM (1.2573), MY (1.2123)

Medium term: recovery

On a weekly basis, our stochastic and MACD are oversold. As long as M7 trend is up, the recovery in progress will continue.

Idea: above MW

Bet: towards MM is not ruled out.

R = MW (1.3335);     S = 1.3025, LW (1.2609)

Short term: technical recovery in progress

On a daily basis, a PEI is the status for our stochastic.

Idea: rise as long as our MACD is not overbought

Bet: higher for one week or more.

R = UD (1.3357), MM (1.3654);   S = MD (1.3009)

Conclusion: technical recovery in progress.