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)