Long term: weak
On a yearly basis, Bollinger bands spread will stay flat. TAM tools are without NEI / PEI.
On a quarterly basis, Bollinger bands spread is expending. A PEI is in progress for each TAM tool. More declines are ahead.
On a monthly basis, the UM / LM spread is above a reference one.
Idea: Monthly MACD is our leading indicator
Bet: a PEI could develop for our monthly MACD.
R= MM (1.3741); S= 1.1877 (2010 low), 1.164 (2005 low)
Medium term: recovery is over
On a weekly basis, Bollinger spread is above a reference one. No PEI is in progress.
Idea: towards MW
Bet: towards LW if MW fails as a support (overbought status for our MACD)
R = UW (1.3025); S = MW (1.2546), LW (1.2064).
Short term: type I in progress
On a daily basis, a parallel pattern is in progress.
Idea: use bullish parallel rules
Bet: close long position below MD.
R = UD (1.3223); S = MD (1.2833), LD (1.2443).
Conclusion: as long as MD proves to be a support, the rise in progress will continue.