Yearly trend: higher

 

On a yearly basis, the pattern in progress looks like a parallel pattern. A PEI is in progress with our MACD. Our 7 / 23 years moving averages are always on a bull trend.

Idea:  UY / LY spread increasing each week

Bet: 100is our first main resistance

R= 100, PQ (115.14)    S= MM (77.46)

 

Long term: higher

On a quarterly basis, the spread UQ / LQ is maximal. TAM are up.

On a monthly basis, the spread UM / LM is shrinking and not far away from its reference level. A NEI is in progress with our Bollinger bands.

Idea: rise as long as our MACD is not overbought

Bet: no bullish pattern could develop.

R= 100;   S= MM (77.46)

 

Medium term: bullish parallel qualification

On a weekly basis, a bullish type III PEI is in progress.

Idea: use bullish parallel rules

Bet: higher

R = UW (94.47);    S = PW (87.25), MW (84.24)

 

 Short term: flat

On a daily basis, as long as LD proves to be a support, a recovery could develop.

Idea: With an oversold status for our stochastic, MD will be our first objective.

Bet:

R = MD (90.42);    S = LD (88.42)

 

Conclusion: higher on a medium term basis.