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.