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