Charts : ask to atdmfcahen@yahoo.fr

 

   Long term: flat with a bullish bias

On a yearly basis, Bollinger band spread is not minimal but is increasing. Our 7 / 23 years moving averages are slightly bullish. Stochastic and MACD are neutral. Above MW a bullish no-crossover should develop. UY is our first resistance and MY is our main support.

On a quarterly basis, Bollinger spread is a reference one. TAM tools are neutral. LQ is a very strong support.

On a monthly basis, the UM / LM spread is above a reference one. TAM tools are on the down side. LM is a strong support.

Idea: above MW, PQ will be a target

Bet: bullish trend if MQ fails as a resistance.

R= MW (1.4056), PQ (1.494);    S= LQ (1.2498)

 

Medium term: lower but not bearish

On a weekly basis, UW / LW spread is above a reference one. No PEI is in progress with TAM tools. As long as MW proves to be a resistance, the main trend is lower.

Idea: nothing to do

Bet: towards UW if MW fails as a resistance.

R = MW (1.4056), UW (1.473);     S = LD (1.3383)

 

 

Short term: rise

On a daily basis, LD is flat. A bullish no-crossover is in progress with our stochastic.

Idea: rise as long as our stochastic is not overbought

Bet: towards MW.

 

R = MW (1.4056);   S = MD (1.3642)

 

Conclusion: new long position with a weekly close above MW.