Long term: weak

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 is in progress, 1.164 (2005 low) is the first objective.

On a quarterly basis, Bollinger spread is a reference one. For our 7 / 23 quarters moving averages, the pattern could turn to a bearish A type crossover. A PEI is in progress with our stochastic and MACD.

On a monthly basis, the UM / LM spread is far away from its minimal level. Our TAM are neutral.

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

Bet: lower but not bearish

R = MQ (1.3767);    S= PM (1.2066)

Medium term: towards LW

On a weekly basis, with UW / LW spread, LW is a strong support.

Idea: use our weekly stochastic as a leading indicator

Bet: MW should be a nice resistance

R = MW (1.3415);     S = LW (1.2597)

Short term: flat

On a daily basis, Bollinger spread is a reference one. Our TAM are neutral.

Idea: use stochastic as a leading indicator

Bet: nothing to do.

R = UD (1.3414);   S = LD (1.305).

Conclusion: very quiet for some weeks.