Long term: bearish
On a yearly basis, Bollinger bands are expending. A PEI is in progress with our moving averages and with our stochastic. The bear trend will continue for two periods or more.
On a quarterly basis, a bearish parallel pattern is in progress.
On a monthly basis, Bollinger bands spread is a reference one. A PEI is in progress with our moving averages and with our stochastic.
Idea: lower
Bet: new Historical Low this and next years
R =MM (1.0341); S = new low
Medium term: bearish?
On a weekly basis, a type III occurred. Bollinger bands spread is a reference one and is expending. A PEI is in progress with our moving averages.
Idea: bearish
Bet: new Historical Low before June.
R = PW (.9746); S = towards .9 or below.
Short term: lower
On a daily basis, Bollinger bands spread is above a reference one. TAM will move lower. Current pattern is similar to a type II.
Idea: lower without a bearish pattern
Bet: PEI for our stochastic.
R = PD (.9455); S= .9
Conclusion: short with a next weekly low (Vs last week)