Long term: higher
On a yearly basis, Bollinger band spread is not minimal but is increasing. A bullish A type crossover is in progress with our 7 / 23 years moving averages. A bullish no-crossover is in progress with our stochastic and MACD. UY is our first target.
On a quarterly basis, Bollinger spread is a reference one. TAM tools are up without PEI..
On a monthly basis, the UM / LM spread is near from its maximal level. A bullish no-crossover is in progress with our stochastic and MACD. A bullish A type crossover will develop. UM is our main target.
Idea: towards UM
Bet: UM as a target as long as our monthly stochastic is not overbought.
R = UM (1.4987), UQ (1.5511); S= MM (1.3637)
Medium term: bullish parallel
On a weekly basis, a type I is in progress.
Idea: use bullish parallel rules
Bet: weak if PW acts as a resistance.
R = PW (1.4615), UW (1.4754); S = MW (1.4269)
Short term: neutral
On a daily basis, UD / LD spread is a reference one. TAM tools are without trend.
Idea: UD is our main resistance and LD is our main support.
Bet: nothing to do.
R = UD (1.4592); S = LD (1.4149)
Conclusion: higher as long as MW (1.4269) proves to be a support.