Long term basis: towards UQ?

On a yearly basis, the status for our MACD is a bearish divergence. As long as our M7 is up, the main pattern is always a bullish parallel pattern. UY is the far away maximal target. Below MY, a collapse could develop.

On a quarterly basis, Bollinger bands spreads is maximal. A bullish A type crossover could develop with our 7 / 23 quarters moving averages. A PEI is in progress with our stochastic.

On a monthly basis, Bollinger bands spread is not a reference one. The status for our 7 / 23 months moving is a PEI. The status is the same for our MACD. As long as our MACD is not overbought, the rise in progress will continue.

Idea: towards UQ as long as PM proves to be a support

Bet: higher until the end of 2011.

R = UQ (1610);    S = PM (1034).

 

Medium term: parallel qualification

On a weekly basis; with a type III PEI, a parallel qualification is in progress.

Idea: use bullish parallel rules

Bet: bullish for some periods

 

R = +;    S= PW (1251), MW (1210)

 

Short term: bullish parallel

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

Idea: use bullish parallel rules.

Bet: higher

 

R = UW (1311);                   S= PD (1275), LD (1255)

 

Conclusion:  UQ could be a target.