Long term: lower
On a yearly basis, Bollinger band spread is increasing. A PEI is in progress with our moving averages.
On a quarterly basis, a type I could develop.
On a monthly basis, a bearish parallel pattern is in progress.
Idea: use monthly bearish parallels rules
Bet: towards LM.
R= MM (80.58); S= LM (74.61), LQ (68.05)
Medium term: Bollinger bands spread is minimal and increasing
On a weekly basis, no PEI / NEI is in progress on TAM tools.
Idea: no bear trend could develop
Bet: lower as long as our stochastic is not oversold.
R = MW (77.12), UW (78.17); S = LW (76.07)
Short term: decline
On a daily basis, Bollinger bands spread is above a reference one. No PEI is in progress with TAM tools.
Idea: MD is a strong resistance
Bet: decline as long as our MACD is not oversold.
R = MD (76.94); S = LW (76.07)
Conclusion: decline for some weeks.