Long term: UQ is our first target (new analysis)

On a yearly basis, Bollinger bands could be flat next period. The trend for our 7 / 23 years moving averages is slightly up. Our stochastic and MACD are oversold.

On a quarterly basis, UQ / LQ spread increase. A bullish A type crossover is in progress with our 7 / 23 quarters moving averages. A Bullish no-crossover is the status for our MACD. UQ is our first target.

On a monthly basis, UM / LM spread is near its maximal level. A bullish A type crossover could develop next month with our 7 / 23 months moving averages. The bearish divergence for our stochastic will be over next month. UM could be a target.

Idea: with a close above MM, UM is our main target.

 R = UQ (123.41), UM (125.05);    S = MM (118.09), LM (111.12)

Medium term (March 00): UW / LW spread is minimal

On a weekly basis, UW / LW spread is near its minimal level. Our 7 / 23 weeks moving averages are up. Our stochastic is oversold and a weak bullish no-crossover is in progress with our MACD. UW) is our first resistance.

Idea: with the monthly trend, no bullish pattern could develop.

R =UW (118.61), UQ (123.41);      S = PW (115.47)

Short term: bullish parallel pattern

On a daily basis, the dynamic for UD / LD spread is increasing with a bullish crossover PD / MD. The weekly trend is up. Next week, a bullish parallel pattern will be in hand.

Idea: bullish no-crossover for our stochastic.

R = UW (118.61);       S = MD (117.08)

Conclusion: above 119.91, UY (121.31) could be an objective (stop-loss is MD level)