Long term: weak
On a yearly basis, Bollinger bands spread will stay flat. Stochastic and MACD will be overbought at the end of the year. MY is our first target.
On a quarterly basis, a bearish no-crossover could be the status for each TAM tool. LQ is our first objective.
On a monthly basis, the UM / LM spread is shrinking and could be a reference one. A PEI could develop with our monthly moving averages.
Idea: LM is our first target if a PEI is the next status for our monthly moving averages.
Bet: lower as long as MM proves to be a resistance.
R= MM (1.3128); S= MY / LM (1.2201), PY (1.0655)
Medium term: without main trend
On a weekly basis, UW / LW spread is a reference one.
Idea: weekly MACD is our leading indicator
Bet: lower as long as MW= resistance.
R = MW (1.3145); S = LW (1.2720).
Short term: lower
On a daily basis, a PEI is the status for our daily moving averages.
Idea: towards LW if PD fails as a support
Bet: lower as long as MD act as a resistance.
R = MD (1.2995); S = LW (1.2720).
Conclusion: weak as long as MW= resistance.