Long term basis: choppy in 2013
On a yearly basis, UY could rise at the close. PY failed as a resistance. Stochastic could be oversold at the end of the period. Our moving averages could continue to rise. UY is our main target.
On a quarterly basis, Bollinger Bands spread is maximal but is shrinking slowly. With an overbought status for our stochastic, UQ will be the maximal target.
On a monthly basis, stochastic and MACD could be overbought together in the same period.
Idea: monthly MACD is our leading indicator
Bet: with a no-crossover status for our monthly stochastic and MACD, 2013 will be a bullish year.
R = UM (1477.5); S = MM (1323.9), LM (1170)
Medium term: focus on moving averages status
On a weekly basis, Bollinger bands spread is a reference one. Focus on moving averages crossover: a type A or B could develop. PW has a bearish trend.
Idea: UW as a target with a bullish no-crossover for our moving averages and otherwise LW as an objective
Bet: wait for the next moving averages status.
R = UW (1472); S= LW (1353)
Short term: towards UD
On a daily basis, Bollinger Bands spread is maximal. TAM tools are up without PEI. UD is our maximal target.
Idea: use our daily stochastic as a leading indicator
Bet: long (intraday basis).
R= UD (1435.6); S= MD (1393.2), LD (1350.9)
Conclusion: towards UW if MW (1412.9) fails as a resistance