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Long term basis: could be bullish
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 (1549) 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), LM (1165)
Weekly basis: a bullish T1 is not ruled out
On a weekly basis, Bollinger bands spread is a minimal one. With a downtrend for LW, a bullish T1 could develop.
Idea: focus on LW trend (if a close above UW occurs)
Bet: be long only with a T2.
R = UW (1469.7); S= MW (1422.6)
Daily basis: be careful
A NEI is in progress on the upper time frame. No T2 is in progress on the daily basis.
Idea: use our daily MACD as a leading indicator
Bet: a bullish pre-parallel could develop.
R= U (1469.7); S= MD (1428.3), LD (1398)
Conclusion: could be bullish if UW fails as a resistance (weekly close).