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

On a yearly basis, the status for our stochastic is overbought. With our 7 / 23 years moving averages, a bearish B type crossover will develop before 2014.  As long as MY (end of period) proves to be a support, the recovery could continue. Next supports are 2003 low and LY.

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, as long as MM proves to be a support, UM is our maximal target. With a close below MM, May 2010 low is our first objective and LM is the next one.

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

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

R = UM (4174);    S = MM (3505), May 2010 low (3287), LM (2836), 2003 low (2401), LY (894)

 

Medium term: higher

On a weekly basis, our 7 / 23 weeks moving averages could develop a bullish B type crossover. A bullish no-crossover is the status for our stochastic and our MACD. UW will be our first objective.

Idea: recovery in progress

Bet: rise as long as our stochastic is not overbought

 

R = UW (3789), PM (4041);               S= MW (3577)

 

Short term: UD / LD spread is not minimal

On a daily basis, moving averages, stochastic and MACD are without exceptional information. As long as MD proves to be a support, the rise in progress could continue.

Idea: nothing to do

Bet: towards UW.

R = UW (3789);     S= MD (3582)

 

Conclusion: only for trading