Long term: weak

On a quarterly basis, our MACD is overbought.

On a monthly basis, UM / LM spread is shrinking. As long as our stochastic is not oversold the decline could continue or amplify.

Idea: below 74.95, LQ could be a target

Bet: UM / LM spread could increase.

R= MM (95.48);   S= 74.95 (Oct. 2011 low), LQ (49.16)

Medium term: technical recovery

On a weekly basis, stochastic and MACD are oversold. M23 trend is down.

Idea: MW is our main resistance

Bet: nothing to do.

R = MW (94.74);     S = LW (76.19).

Short term: rise

On a daily basis, Bollinger bands spread is increasing. A PEI is the status for our moving averages and MACD.

Idea: rise as long as our MACD is not overbought

Bet: towards MW.

R = UD (89.74), MW (94.74);    S= MD (83.49).

Conclusion: long (intraday basis)