Long term basis: towards UY
On a yearly basis, UY could rise at the close. PY failed as a resistance. Stochastic could be oversold at the end of the period. Our moving averages could continue to rise. UY is our main target.
On a quarterly basis, Bollinger bands spread is maximal but shrinking. A bullish no-crossover is in progress with our stochastic and our MACD. UQ is our maximal target.
On a monthly basis, a bullish no-crossover is the status for TAM tools. UM / LM spread is expending.
Idea: monthly MACD as a leading indicator
Bet: yearly MACD will be oversold next period.
R = UY (1658), +++; S = MM (1314)
Medium term: Type II in progress
On a weekly basis, a type II occurred in T3. It’s the most bullish pattern that you can imagine.
Idea: add long position this week
Bet: LW trend will amplify its decline.
R = UY (1658); S= MW (1369)
Short term: PEI for our moving averages
On a daily basis; Bollinger bands spread expended until T9. Long are in commands.
Idea: a powerful move should develop
Bet: PEI for our MACD.
R= +++; S= MD (1429)
Conclusion: see Medium term analysis