On a yearly basis, stochastic and MACD could continue to be overbought for two periods or more. 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. A PEI is in progress with our moving averages. Stochastic and MACD are oversold.
On a monthly basis; for M23, the trend is bearish. Our stochastic and MACD are oversold. PM could be the main resistance.
Idea: not bullish as long as our monthly M23 is not up
Bet: higher if 3601 fails as a resistance (end of period).
R= 3600.8 (March 2012 high), MQ (3649); S= LM (2763)
Medium term: towards UW / MQ?
On a weekly basis, as long as M23 is up, MW could act as a support. Above PW, UW is our next resistance.
Idea: warning with a bearish no-crossover for our stochastic and MACD
Bet: MACD is our leading indicator.
R= PW (3583.2), UW (3648.5); S= MW (3323.7).
Short term: higher?
On a daily basis, UD / LD spread is a reference one. No PEI could develop with TAM tools.
Idea: stochastic is our leading indicator
Bet: towards MD if LD trend is flat.
R= PW (3583.2); S= MD (3439).
Conclusion: higher as long as MD= support.