Long term basis: not yet bullish
On a yearly basis, TAM tools are not up.
On a quarterly basis, LQ / UQ spread is shrinking. A bullish no-crossover is the status for our stochastic but MQ trend is bearish.
On a monthly basis, Bollinger bands spread is a reference one. A NEI is in progress on the upper time frame.
Idea: monthly MACD is our leading indicator
Bet: UQ as a first resistance.
R= UQ (12332); S= MQ (9904)
Medium term: bullish
On a weekly basis, T12 was in progress with a bearish trend for LW.
Idea: use bullish parallel rules
Bet: towards UQ is expected.
R= UQ (12332); S= PW (11016).
Short term: bullish without pattern
On a daily basis, no PEI is in progress with TAM tools..
Idea: use our MACD as a leading indicator
Bet: towards UQ.
R= UQ (12332); S= MD (11466).
Conclusion: bullish on a medium term basis.