Long term: above 1.5
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 PEI could be in progress with our stochastic and MACD. UY is our first target.
On a quarterly basis, Bollinger spread is a reference one. For our 7 / 23 quarters moving averages, a PEI is not ruled out.
On a monthly basis, the UM / LM spread is near from its maximal level. A PEI is in progress with our MACD. A bullish A type crossover is in progress. UM is our main target.
Idea: towards UQ
Bet: focus on PQ.
R = PQ (1.5109), UQ (1.5495), 1.6038 (HH); S= MM (1.3676)
Medium term: bullish parallel
On a weekly basis, a type I is in progress.
Idea: use bullish parallel rules
Bet: towards UQ.
R = UQ (1.5495); S = MW (1.3956)
Short term: neutral
On a daily basis, a decline is in progress with TAM tools.
Idea: MD as a resistance and LD as a support
Bet: UD / LD spread will decrease.
R = MD (1.4516); S = LD (1.4023)
Conclusion: Hold on long position (weekly basis).