Yearly trend: higher
On a yearly basis, the pattern in progress looks like a parallel pattern. A PEI is in progress with our MACD. Our 7 / 23 years moving averages are always on a bull trend.
Idea: UY / LY spread increasing each week
Bet: 100is our first main resistance
R= 100, PQ (115.14) S= MM (77.46)
Long term: higher
On a quarterly basis, the spread UQ / LQ is maximal. TAM are up.
On a monthly basis, the spread UM / LM is shrinking and not far away from its reference level. A NEI is in progress with our Bollinger bands.
Idea: rise as long as our MACD is not overbought
Bet: no bullish pattern could develop.
R= 100; S= MM (77.46)
Medium term: bullish parallel qualification
On a weekly basis, a bullish type III PEI is in progress.
Idea: use bullish parallel rules
Bet: higher
R = UW (94.47); S = PW (87.25), MW (84.24)
Short term: flat
On a daily basis, as long as LD proves to be a support, a recovery could develop.
Idea: With an oversold status for our stochastic, MD will be our first objective.
Bet:
R = MD (90.42); S = LD (88.42)
Conclusion: higher on a medium term basis.