Long term: flat
On a yearly basis, Bollinger bands spread will stay flat. TAM tools are without NEI / PEI.
On a quarterly basis, Bollinger bands spread will stay flat. A PEI is in progress for our moving averages and our MACD. Prices should move lower.
On a monthly basis, the UM / LM spread is above a reference one. M7 is below M23 and MACD is up. MM should act as a resistance.
Idea: Monthly stochastic is our leading indicator
Bet: nothing to do.
R= MM (1.3436); S= 1.1877 (2010 low), 1.164 (2005 low)
Medium term: recovery
On a weekly basis, Bollinger spread is above a reference one. A weak bullish no-crossover is the status for our stochastic.
Idea: higher if 1.3175 fails as a resistance
Bet: towards LW if MW fails as a support (overbought status for our MACD)
R = 1.3175 (above recent high); S = MW (1.2599).
Short term: recovery
On a daily basis, no PEI is available for TAM tools. Our stochastic is the leading indicator.
Idea: higher as long as our stochastic is not overbought
Bet: weak below MD.
R = 1.3175; S = MD (1.2946), LD (1.2825).
Conclusion: as long as MD proves to be a support, the rise in progress will continue.