Long term basis: Above Historic High as long as monthly MACD is not overbought
On a yearly basis, PY failed as a resistance. Stochastic is oversold. Our moving averages could continue to rise. UY is our main target if 1576 (current high) fails as a resistance.
On a quarterly basis, Bollinger Bands spread is maximal but could increase. A bullish no-crossover is the status for our stochastic and MACD.UQ (1551) is our first target.
On a monthly basis, a bullish no-crossover is the status for each TAM tool. M23 is not flat.
Idea: monthly MACD is our leading indicator
Bet: with a no-crossover status for our monthly stochastic and MACD in early February, 2013 will be a bullish year.
R = 1576, UY (1683), +++; S = MM (1321)
Weekly basis: a bullish T1 is expected
On a weekly basis, Bollinger bands spread is a minimal one. With a downtrend for LW, a bullish T1 will develop.
Idea: focus on LW trend (if a close above UW occurs)
Bet: be long only with a T2.
R = UW (1476); S= MW (1425)
Daily basis: wait
Bollinger spread is above a reference one. With a technical correction towards MD, PEI will develop on TAM tools and Bollinger spread will be lower than a reference one.
Idea: wait for Type II, type I or bullish pre-parallel
Bet: too early to add a new long position.
R= UW (1476); S= MD (1437.9)
Conclusion: could be bullish if UW fails as a resistance (weekly close).