Charts : ask to atdmfcahen@yahoo.fr

 

Long term basis: towards UY?

On a yearly basis, Bollinger bands spread is maximal. Our 7 / 23 years moving averages could continue to rise.  Above PY, UY could be a target.

On a quarterly basis, LQ / UQ spread is maximal. UM is our first resistance. Above UM, UQ is our next target. A bullish no-crossover could develop with our stochastic and MACD.

On a monthly basis, Bollinger bands spread is a reference one. A bullish pattern could develop this winter.

Idea: focus on LM trend

Bet: PEI for our monthly moving averages.

 

R = UM (1390), UQ (1591), UY (1648);    S = MM (1208), LM (1027)

 

Medium term: higher

On a weekly basis, Bollinger bands spread is maximal. A bullish A type could develop. Stochastic and MACD are oversold. Our next strong resistance is UW.

Idea: bullish pre-parallel within three months

Bet: enter long position.

 

R = UW (1364);    S= MW (1227)

 

 

Short term: rise

On a daily basis, UD / LD spread is above a reference one. A PEI is the status for MACD.

Idea: rise as long as MACD is not overbought.

Bet: higher.

 

R = UW (1364);                   S=MD (1194)

 

Conclusion:  add long positions + stop-loss at MW level.