Long term: towards UQ
On a quarterly basis, a bullish no-crossover is in
progress with our moving averages and our stochastic.
progress with our moving averages and our stochastic.
On a monthly basis, our stochastic and MACD are not
yet oversold.
yet oversold.
Idea: oversold status next month for our stochastic
and MACD
and MACD
Bet: very bullish with a bullish no-crossover for our
monthly moving averages (before the end of 2011)
monthly moving averages (before the end of 2011)
R= UM
(110.54), UQ (120.63); S= MM
(89.36), LM (68.17)
(110.54), UQ (120.63); S= MM
(89.36), LM (68.17)
Medium term: rise
On a weekly basis, the status for UW / LW spread is expending. Rise as long as our MACD is not overbought.
Idea: UW is our first target
Bet: UM could be a strong resistance.
R = UW
(103.02); S = MW (89.67)
(103.02); S = MW (89.67)
Short term:
higher
higher
On a daily basis, a PEI is the status for our moving
averages.
averages.
Idea: above 103.36
(current high) May 2011 top is our next objective.
(current high) May 2011 top is our next objective.
Bet: higher for
December.
December.
R = 103.36; S= MD (98.46).
Conclusion: higher or bullish.