Long term: towards PQ?
On a yearly basis, TAM tools are without NEI / PEI.
On a quarterly basis, a bearish no-crossover is in progress for our moving averages. Our stochastic is oversold. MQ is a strong resistance.
On a monthly basis, the UM / LM spread is above a reference one. Stochastic and MACD are oversold and M23 will continue to decline.
Idea: above MQ, PQ will be our main objective
Bet: with a close above MM, rise will continue for several months.
R= MM (1.3244), MQ (1.3672), PQ (1.4374); S= MW (1.2927).
Medium term: higher?
On a weekly basis, a bullish no-crossover is in progress with our moving averages.
Idea: weekly MACD is our leading indicator
Bet: MM (end of period) could fail as a resistance.
R = MM (1.3244); S = MW (1.2927).
Short term: higher as long as MD= support
On a daily basis, a bullish no-crossover is the status for our moving averages. Our stochastic and MACD could be oversold together.
Idea: bullish if our MACD is oversold within one day
Bet: 1.3308 (current high) will fail as a resistance.
R = 1.3308; S = MD (1.3142).
Conclusion: higher for several months with a monthly close above 1.3244.