Long term basis: not yet bullish
On a yearly basis, stochastic and MACD could continue to be overbought. As long as MY (end of period) proves to be a resistance, the main trend is not bullish.
On a quarterly basis, LQ / UQ spread is shrinking. Our stochastic and MACD are oversold. Our moving averages trend is bearish.
On a monthly basis, a type B is expected as the status for our moving averages.
Idea: monthly stochastic is our leading indicator
Bet: UM is a strong resistance.
R= UM (3812), 4169 (Feb 2011 high); S= MM (3351), LM (2891)
Medium term: choppy
On a weekly basis, our stochastic and MACD are overbought.
Idea: towards LW if MW fails as a support
Bet: UW is a strong resistance.
R= UW (3840); S= MW (3605), LW (3371).
Short term: choppy
On a daily basis, Bollinger bands spread is wide.
Idea: use our stochastic as a leading indicator
Bet: inside up / down bands.
R= UD (3751); S= MD (3680), LD (3608)
Conclusion: too early to be short (medium term basis).