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 (120.25), a bearish divergence will be in progress for our stochastic.

 Idea: see medium term analysis for MW.

R = above Historic High;    S = MD (120.25), MM (115.28)

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. If prices fail for the next couple of weeks, MW (120.25) will fail as a support. Next target will be LW (110.37). Otherwise our bullish parallel pattern will continue to develop.

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

R = PD (125.33);       S = T1 (121.8), MW (120.25)

Short term: decline

On a daily basis, Bollinger bands spread is expending. A bearish non-crossover is the status for our  7 / 23 days moving averages (same for our stochastic and MACD). As long as our MACD is not oversold, the decline in progress will continue.

Idea: below MW is expected.

R = PD (125.33);          S = MW (120.25), LW (110.37)

Conclusion: focus on MW.