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 (12265); S= M (9883)
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 (12265); S= PW (10489).
Short term: bullish
On a daily basis, a type III is in progress.
Idea: use our bullish parallel rules
R= UQ (12265); S= MD (11016).
Conclusion: towards UQ or above.