Yearly trend: bullish for more than 2 years.

On a yearly basis, a bullish parallel pattern is in progress. The dynamic for each band is very strong. PY will cross MY in more than two periods.

Idea: bullish non-crossover for our stochastic.

 

Long term: bullish above Historical High (1033)

On a quarterly basis, the pattern is a bullish parallel one. The dynamic for our 7 / 23 quarters moving averages is bullish. The status in progress for our stochastic and MACD could be neutral at the beginning of Q3. Above 1033 a new bull move will develop. On a monthly basis, our 7 / 23 moving averages will continue to rise. A bullish non-crossover is in progress with our stochastic. As long as MM (884) proves to be a support, a decline is only a technical move.

Idea:  UQ / 1033 levels could be a strong resistance

R = UQ (1027), 1033, +++;    S = MM (884)

 

Medium term: decline below MW (927)

On a weekly basis, Bollinger bands spread is not yet minimal and Bollinger bands are flat. Our stochastic and MACD could be overbought next week. Our 7 / 23 weeks moving averages are up. As long as MW (927) proves to be a support, a rise towards 1033 is not ruled out.

Idea: not bullish as long as 1033 proves to be a resistance.

R = 1033, +++;    S = MW (927)

 

 

 

 

Short term: warning below MD (950)

On a daily basis, Bollinger bands spread is minimal. The status for our 7 / 23 days moving averages is a bearish B type crossover. A bearish non-crossover is in progress with our stochastic and MACD. With the weekly trend, no bearish pattern could develop. With a close below LD (926), LW (871) is our next target.

Idea: a bearish pre-parallel pattern could develop if LD = support.

 

R = MD (956);    S = LD (926), LW (871)

 

 

 

Conclusion: not bullish (medium / long term) as long as 1033 = resistance.