Long term: towards LM is likely
On a quarterly basis, a bullish no-crossover is in progress with our moving averages and our stochastic.
On a monthly basis, LM is our next target.
Idea: bullish as long as MM proves to be a support
Bet: towards LM if MM fails as a support.
R= MM (95.69), UM (112.02); S= LM (79.36)
Medium term: weak for some weeks
On a weekly basis, Bollinger bands spread is increasing. A bearish no-crossover is the status for our stochastic. With a NEI on the monthly time frame, no bear trend could develop.
Idea: a type II could develop
Bet: lower for some weeks.
R = MW (101.63); S = LM (79.36).
Short term: lower
On a daily basis, a type I could develop.
Idea: PEI for our stochastic and MACD?
Bet: a strong trend will develop before the end of this week.
R = MD (98.89); S= LD (89.1).
Conclusion: go short with a PEI for our daily stochastic.