Long term: towards UM or above
On a quarterly basis, a PEI is in progress with our moving averages and our stochastic.
On a monthly basis, a PEI is in progress with our moving averages.
Idea: bullish as long as MM proves to be a support
Bet: towards LM if MM fails as a support.
R= UM (112.28), UQ (123.68); S= MM (95.85), LM (79.42)
Medium term: weak
On a weekly basis, a bearish no-crossover is the status for our stochastic. With a NEI on the monthly time frame, no bear trend could develop.
Idea: towards MM
Bet: lower for some weeks.
R = MW (102.47); S = MM (95.85).
Short term: lower
On a daily basis, UD / LD spread was minimal and increasing. No PEI is in progress.
Idea: lower as long as our MACD is not oversold
Bet: not yet bearish.
R = MD (103.01); S= MM (95.85).
Conclusion: with a bullish trend for UW, lower for some weeks.