Long term: MQ or above is not ruled out this year

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 without trend for some periods. An overbought status for our stochastic could be in progress, 1.164 (2005 low) is our first support and UY is our main resistance.

On a quarterly basis, Bollinger spread is a reference one. For our 7 / 23 quarters moving averages, the pattern could turn to a bullish B type crossover. A bearish no-crossover is in progress with our MACD.

On a monthly basis, the UM / LM spread is far away from its minimal level. A bullish no-crossover is in progress with our stochastic and MACD. A bullish A type crossover is expected. Above MQ, UM is our next target.

Idea: As long as MQ proves to be a resistance, LM could be a target.

Bet: above MQ

R = MQ (1.376), UQ (1.5466);    S= LM (1.2066)

Medium term: above PW is likely

On a weekly basis, TAM are neutral. Above PW, UW is our next objective.

Idea: use our weekly stochastic as a leading indicator

Bet: above PW

R = PW (1.3587);     S = LW (1.274)

Short term: rise

On a daily basis, TAM are up.

Idea: use our MACD as a leading indicator

Bet: towards PW

R = PW (1.3587);   S = MD (1.3197).

Conclusion: as long as MD proves to be a support, low could be behind us for some weeks….