Long term: towards UY / UM / UQ?

On a yearly basis, Bollinger band spread is not minimal and will stay at the same level for some periods. Our 7 / 23 years moving averages will stay slightly up. With an overbought status for our stochastic (early 2011), 1.164 (2005 low) is the first objective and LY is the next one. But, a bullish no-crossover is not ruled out with our stochastic. With this hypothesis, UY will be our main objective.

On a quarterly basis, the status for our stochastic and our MACD was a bearish no-crossover. For our 7 / 23 quarters moving averages, the pattern in early 2011 could be a bullish no-crossover. UQ will be our first target.

On a monthly basis, the UM / LM spread is far away from its minimal level. Our stochastic and MACD are oversold. Above PM, UM is our next objective.

Idea: bullish above PM

Bet: PM will fail as a resistance

R = PM (1.4034), UY / UM / UQ (above 1.5);    S= MM (1.3691)

 

Medium term: like a bullish parallel pattern

On a weekly basis, as long as our stochastic is not overbought, LW could decline. A bullish no-crossover is in progress with our stochastic and MACD. PM is our first resistance. Above this level, a bullish parallel will be in progress.

Idea: towards UM

Bet: bullish with lower LW level.

R = PM (1.4034);     S = PW (1.3034)

  

 

Short term: bullish parallel qualification

On a daily basis, a bullish parallel qualification is in progress.

Idea: use bullish parallel rules

Bet: always bullish if PD (1.4029) fails as a resistance today.

R = PM (1.4034);   S = MD (1.3572)

 

Conclusion: higher (but less than gold)