Long term: not so bullish

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.  With a new high this year, the bull trend will continue.

On a quarterly basis; a bullish non-crossover is the status for our stochastic and MACD but a bearish divergence could develop with our stochastic.

On a monthly basis, a bullish non-crossover is the status for our 7 / 23 moving averages. Pattern with our Bollinger bands is a bullish parallel one. Below MW (121.41), a bearish divergence will be in progress for our stochastic.

 Idea: see medium term analysis for MW.

R = 128.70 (Historic High);    S = MW (121.41), MM (115.31)

Medium term: below MW?

On a weekly basis, a bullish parallel pattern is in progress. PW failed as a support and our 7 weeks moving average is down. A bearish non-crossover is the status for our stochastic. Below MW (121.41), next target will be LW (112.43).

Idea: below MW, a bearish divergence will be the status for our stochastic on a monthly and quarterly basis.

R = PW (128.12);       S = T1 (121.8), MW (121.41)

Short term: flat / lower

On a daily basis, Bollinger bands spread is minimal. Our 7 / 23 days moving averages are down. LD (121.82) is our main objective. With an overbought status for our stochastic and MACD, a decline is expected (without a bearish ATDMF pattern).

Idea: below 121.29

R = MD (122.94), UD (124.24);          S = 121.29, –

Conclusion: focus on MW.