Charts : ask to atdmfcahen@yahoo.fr
Long term: flat with a bullish bias
On a yearly basis, Bollinger band spread is not minimal but is increasing. Our 7 / 23 years moving averages are slightly bullish. Stochastic and MACD are neutral. Above MW a bullish no-crossover should develop. UY is our first resistance and MY is our main support.
On a quarterly basis, Bollinger spread is a reference one. TAM tools are neutral. LQ is a very strong support.
On a monthly basis, the UM / LM spread is above a reference one. TAM tools are on the down side. LM is a strong support.
Idea: above MW, PQ will be a target
Bet: bullish trend if MQ fails as a resistance.
R= MW (1.4056), PQ (1.494); S= LQ (1.2498)
Medium term: lower but not bearish
On a weekly basis, UW / LW spread is above a reference one. No PEI is in progress with TAM tools. As long as MW proves to be a resistance, the main trend is lower.
Idea: nothing to do
Bet: towards UW if MW fails as a resistance.
R = MW (1.4056), UW (1.473); S = LD (1.3383)
Short term: rise
On a daily basis, LD is flat. A bullish no-crossover is in progress with our stochastic.
Idea: rise as long as our stochastic is not overbought
Bet: towards MW.
R = MW (1.4056); S = MD (1.3642)
Conclusion: new long position with a weekly close above MW.