Long term: towards UQ
On a quarterly basis, a bullish no-crossover is in progress with our moving averages and our stochastic.
On a monthly basis, our stochastic and MACD are not yet oversold.
Idea: oversold status next month (January) for our stochastic and MACD
Bet: very bullish with a bullish no-crossover for our monthly moving averages
R= UM (110.12), UQ (120.56); S= MM (89.21)
Medium term: rise
On a weekly basis, a PEI is the status for our stochastic.
Idea: UW is our first target
Bet: UW could be a strong resistance.
R = UW (104.43); S = MW (90.78)
Short term: higher?
On a daily basis; if MD proves to be a support, a PEI will be the status for our stochastic and MACD.
Idea: above 103.36 (current high) May 2011 top is our next objective (114).
Bet: focus on MD.
R = 103.36; S= MD (98.56), LD = (93.92).
Conclusion: focus on MD.