Long term: technical correction

On a yearly basis, Bollinger bands are up. The status for our 7 / 23 years moving averages is a bullish non-crossover. Our stochastic and MACD are oversold.  No increase for the spread UY / LY.

On a quarterly basis; the status for our stochastic and MACD is not yet overbought (end of a bullish non-crossover or a new one is developing soon?). LQ could flatten.  On a monthly basis, a bullish non-crossover is the status for our 7 / 23 moving averages. The pattern with our Bollinger bands is a bullish parallel one. But a bearish non-crossover is the status for our stochastic.

Idea: a monthly bullish non-crossover could develop with our MACD.

 R = UW (126), 128.7 (Historical High);    S = MM (117.32)

Medium term: weak

On a weekly basis, a weak bearish non-crossover is the pattern in progress for our stochastic and MACD. Bollinger band spread is not minimal. LW is flat and acted as a support. The status for our 7 / 23 years moving averages is a bearish B type crossover.  As long as our MACD is not oversold, the decline in progress could continue. PW (124) is a strong resistance.

Idea: towards UW (126) if PW (124) fails as a resistance.

R = PW (124), UW (126);      S = LW (119.82)

Short term: flat

On a daily basis, Bollinger band spread is not minimal. Our 7 / 23 days moving averages are flat. UD (123.23) is our main resistance and LD (119.87) is our main support.

Idea: towards UD (123.23) if PD (122.17) fails as a resistance.

R = PD (122.17), UD (123.23);       S = LD (119.87)

Conclusion: rise (long term basis) if LW proves to be a support.