Long term: weak
On a yearly basis, the no-crossover for our moving
averages could be over next period. Stochastic is overbought.
averages could be over next period. Stochastic is overbought.
On a quarterly basis, Bollinger bands spread will
continue to increase. It is a reference one. A PEI is in progress for each TAM
tool.
continue to increase. It is a reference one. A PEI is in progress for each TAM
tool.
On a monthly basis, Bollinger bands spread will
continue to increase. A PEI is in progress for our stochastic.
continue to increase. A PEI is in progress for our stochastic.
Idea: towards LM
Bet: with a bear trend for our monthly M23, LQ will be
our next objective.
our next objective.
R= MM (1.3684);
S= LM (1.2685), LQ (1.2399), MY (1.2132)
S= LM (1.2685), LQ (1.2399), MY (1.2132)
Medium term: trading range
On a weekly basis, no PEI / NEI is in progress.
Idea: LW / PW is our main target
Bet: bearish pre-parallel pattern.
R = MW (1.311);
S = LW / PW (1.2698)
S = LW / PW (1.2698)
Short term: lower
On a daily basis, UD / LD spread was minimal and will
continue to increase. TAM tools will continue to decrease without PEI.
continue to increase. TAM tools will continue to decrease without PEI.
Idea: lower as long as our MACD is not oversold
Bet: below LW / PW is not ruled out.
R = MD (1.3142);
S = LW / PW (1.2698)
S = LW / PW (1.2698)
Conclusion: towards LW / PW (1.2698) is likely.