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: towards UQ is not ruled out.
R= 100, PQ (115.14) S= MM (77.47)
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: a bullish pre-parallel pattern could develop..
R= 100; S= PM (76.39)
Medium term: bullish parallel qualification
On a weekly basis, a bullish parallel is in progress.
Idea: use bullish parallel rules
Bet: MW will act as a support.
R = UW (93.44); S = MW (86.27)
Short term: flat
On a daily basis, our Bollinger bands spread is above a reference one. TAM are neutral.
Idea: LD is a strong support
Bet: wait for a bullish signal.
R = MD (89.8), LD (93.24); S = LD (86.35)
Conclusion: nothing to do.