Long term basis: not yet bullish
On a yearly basis, stochastic and MACD could continue to be overbought. As long as MY (end of period) proves to be a resistance, the main trend is not bullish.
On a quarterly basis, LQ / UQ spread is shrinking. Our stochastic and MACD are oversold. Our moving averages trend is not bullish.
On a monthly basis, a type B is the status for our moving averages.
Idea: with an overbought status for our monthly MACD a bearish no-crossover could be the next status for our quarterly moving averages
Bet: MM will fail as a support if the next status for our monthly MACD is overbought.
R= UM (3980); S= MM (3454), LM (2928)
Medium term: lower for 3 weeks or more
On a weekly basis, Bollinger bands spread is a reference one.
Idea: LW is our first support
Bet: with an uptrend for UW, MM could be an objective.
R= MW (3799); S= LW (3583), MM (3454).
Short term: lower
On a daily basis, TAM tools are bearish.
Idea: use our MACD as a leading indicator
Bet: towards LW or below.
R= MD (3868); S= LW (3583)
Conclusion: focus on monthly MACD.