Long term: higher
On a monthly basis, the status for our 7 / 23 months moving averages is a bullish A type crossover. Stochastic and MACD are not yet overbought. With Bollinger bands, the pattern in progress is a weak bullish parallel one (no correction 2 periods after MM / PM crossover + LM without bullish dynamic).
Idea: use bullish parallel rules
R = UW (99.442); S = PW (99.133), MW (98.992)
Medium term: technical correction
On a weekly basis, a bearish non-crossover is the status for our MACD. Our 7 / 23 weeks moving averages are up. PW could fail as a support.
Idea: MW is a strong support.
R = MD (99.267); S = PW (99.133), MW (98.992)
Short term: below LD
On a daily basis, UD is flat with prices on LD level. With the weekly trend, no bearish pattern could develop. The status for our stochastic and MACD is a bearish non-crossover. PW is our first target.
Idea: a bearish pre-parallel pattern could develop in early November.
R = MD (99.267); S = PW (99.133), MW (98.992)
Conclusion: not bearish as long as our 7 / 23 weeks moving average status is not a bearish A type crossover.