Long term: towards PY

On a yearly basis: a type II is in progress. LY could stop to decline during T9. Our stochastic is overbought. PY is our main objective.

On a quarterly basis, a bullish parallel pattern is in progress. A bearish no-crossover is in progress with our stochastic. MACD is overbought. If MQ fails as a support, PY is our next objective and MY could be the next target.

On a monthly basis, UM / LM spread is expending. A bearish no-crossover is the status for our moving averages. This status will be in progress for 3 periods or more.

Idea: monthly MACD as a leading indicator

Bet: focus on UM trend.

R= MM (30.46);    S= PY (19.58), MY (11.98)

Medium term: bearish

On a weekly basis, Bollinger bans spread is expending. A PEI is the status for our moving averages and for our MACD.

Idea: MACD is our leading indicator

Bet: only a technical recovery as long as PW acts as a resistance.

R= PW (25.38), MW (28.18);   S= MACD oversold

Short term: neutral

On a daily basis, UD / LD spread is a reference one. A NEI is in progress on the upper time frame.

Idea: stochastic is our leading indicator

Bet: add short  position with an overbought status for our weekly stochastic.

R= UD (24.48);   S= LD (2.97)

Conclusion: focus on our weekly stochastic as a leading indicator