Long term: higher next year
On a yearly basis, Bollinger band spread is not minimal, LY could decline but UY is rising. Our 7 / 23 moving averages are up and our MACD will not be overbought before two periods or more (bullish non-crossover in progress). UQ could be a target.
On a quarterly basis, the trend for our 7 / 23 quarters moving averages is up. Our stochastic and MACD will be neutral / oversold at the end of 2009. As long as MQ proves to be a support, UQ / PQ is our main target.
On a monthly basis, the UM / LM spread is maximal. A bullish A type crossover will be the next status for our 7 / 23 months moving averages. The status for our stochastic and MACD is oversold. A bullish non-crossover could be in progress and develop with our stochastic. UM is our main target.
Idea: a bullish non-crossover for our yearly stochastic
R = PQ (1.582), UM (1.6268); S= MM (1.4252), MQ (1.3538)
Medium term: like a bullish parallel in progress
On a weekly basis, LW trend is flat. M23 will stay up for some periods. As long as MW proves to be a support, the main trend is up.
Idea: new bullish impulsive trend if PW = support
R = PQ (1.582), +++; S = PW (1.4675), MW (1.4376)
Short term: neutral
On a daily basis; UD / LD spread is wide. As long as MD proves to be a support, UD is our main resistance. Below MD, LD is our main target.
Idea: use bullish parallel rules.
R = UD (1.5063); S = MD (1.4822, at the close), LD (1.4552)
Conclusion: UM is an objective for 2010.