Long term: MM = support?
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 could be 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 without trend.
On a monthly basis, the UM / LM spread is near from its maximal level. A bullish no-crossover is in progress with our MACD. A bullish B type crossover will develop. MM is our first support.
Idea: towards MM
Bet: LM as a target if MM fails as a support (EOM).
R = UM (1.5122); S= MM (1.3671), LM (1.2219)
Medium term: bullish parallel
On a weekly basis, a type I is in progress.
Idea: use bullish parallel rules
Bet: towards LW if MW fails as a support (EOW)
R = UW (1.4776); S = MW (1.4004), LW (1.3231)
Short term: bearish
On a daily basis, a PEI is in progress with our MACD.
Idea: lower as long as our MACD is not oversold
Bet: a sell-off is not ruled out.
R = PD (1.4286); S = MW (1.4004)
Conclusion: with a weekly close below MW (1.4004), LW (1.3231) is our next (first) objective.