Long term basis: very bullish above PY

On a yearly basis, UY could rise at the close. Stochastic could be oversold at the end of the period. Our moving averages could continue to rise. Above PY, UY is our main target. As long as PY proves to be a resistance, a pseudo type III could develop. With this hypothesis, MY is our first objective.

On a quarterly basis, LQ / UQ spread is maximal but shrinking. A bullish no-crossover is in progress with our stochastic and our MACD. UQ is our maximal target.

On a monthly basis, a bullish no-crossover is the status for TAM tools.

Idea: monthly MACD as a leading indicator

Bet: above PY.

R = PY (1471), UY (1655);    S = MM (1312.8)

Medium term: T2 next week?

On a weekly basis, Bollinger bands are diverging and UW / LW spread is a reference one. A T2 could develop next week.

Idea: add long with a T2

Bet: LW trend will amplify its decline.

R = PY (1471);    S= MW (1362.4)

Short term: rise but not bullish

On a daily basis; no PEI is in progress for TAM tools.

Idea: with a weekly T2 next week, UY could be a short term target

Bet: bearish warning below MD at the close.

R= 1413 (above yesterday high);                       S= MD (1408.8), LD (1397.2)

Conclusion: higher as long as our weekly stochastic is not overbought. Below MD:  blood, blood and blood.