Long term: towards PQ?

On a yearly basis, TAM tools are without NEI / PEI.

On a quarterly basis, a bearish no-crossover is in progress for our moving averages. Our stochastic is oversold. MQ is a strong resistance.

On a monthly basis, the UM / LM spread is above a reference one. Stochastic and MACD are oversold and M23 will continue to decline.

Idea: above MQ, PQ will be our main objective

Bet: with a close above MM, rise will continue for several months.

R= MM (1.3244), MQ (1.3672), PQ (1.4374);    S= MW (1.2927).

Medium term: higher?

On a weekly basis, a bullish no-crossover is in progress with our moving averages.

Idea: weekly MACD is our leading indicator

Bet: MM (end of period) could fail as a resistance.

R = MM (1.3244);     S = MW (1.2927).

Short term: higher as long as MD= support

On a daily basis, a bullish no-crossover is the status for our moving averages. Our stochastic and MACD could be oversold together.

Idea: bullish if our MACD is oversold within one day

Bet: 1.3308 (current high) will fail as a resistance.

R = 1.3308;        S = MD (1.3142).

Conclusion: higher for several months with a monthly close above 1.3244.