Long term: weak

On a yearly basis, Bollinger bands spread will stay flat. TAM tools are without NEI / PEI.

On a quarterly basis, Bollinger bands spread is expending. A PEI is in progress for each TAM tool. More declines are ahead.

On a monthly basis, the UM / LM spread is above a reference one.

Idea: Monthly MACD is our leading indicator

Bet: a PEI could develop for our monthly MACD.

R= MM (1.3741);    S= 1.1877 (2010 low), 1.164 (2005 low)

Medium term: recovery is over

On a weekly basis, Bollinger spread is above a reference one. No PEI is in progress.

Idea: towards MW

Bet: towards LW if MW fails as a support (overbought status for our MACD)

R = UW (1.3025);     S = MW (1.2546), LW (1.2064).

Short term: type I in progress

On a daily basis, a parallel pattern is in progress.

Idea: use bullish parallel rules

Bet: close long position below MD.

R = UD (1.3223);        S = MD (1.2833), LD (1.2443).

Conclusion: as long as MD proves to be a support, the rise in progress will continue.