Long term basis: next quarterly MACD status will give the trend until 2012

On a yearly basis, the status for our stochastic is overbought. Our M7 is slightly bullish.  As long as MY proves to be a support, the recovery could continue.

On a quarterly basis, LQ / UQ spread is increasing with lower prices. A bearish no-crossover could be the status for our MACD (end of period). With this hypothesis, a collapse is in hand. Otherwise, above PQ, MQ is our next objective.

On a monthly basis, Bollinger bands spread is minimal. With the quarterly trend, UM and LM are our main targets. As long as MM proves to be a support, UM could be a target.

Idea: focus on our quarterly MACD status (end of period)

Bet: a bearish no-crossover with PQ could develop next period  

R = UM (4178);    S = MM (3480), LM (2783)

 

Medium term: Bollinger bands spread is maximal

On a weekly basis, our 7 / 23 weeks moving averages are without trend. As long as our stochastic is not overbought, the recovery in progress will continue. UW is a strong resistance and LW is our main support..

Idea: as long as MW proves to be a resistance (end of period), LW could be a target.

Bet: choppy

 

R = MW (3660), UW (4058);               S= MW (3675), LW (3308)

 

  

Short term: Bollinger bands spread is not minimal

On a daily basis, a decline is on progress for our moving averages, stochastic and MACD. Without main trend on a weekly basis, LD will be our main support.  With a close above MD, UD could be a far away resistance.

Idea: nothing to do next week

Bet:

R = MD (3648), UD (3834);     S= LD (3461)

 

Conclusion: choppy and without main trend for some weeks.