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: weak as long as PQ (1021.2) proves to be a resistance.

On a quarterly basis, the pattern is a bullish parallel one. The dynamic for our 7 / 23 quarters moving averages is bullish. Next quarters, – 8 prices will increase. Without an increase for next prices, a bullish non-crossover could develop between our 7 / 23 quarters moving averages. The status in progress for our stochastic is a bearish divergence and a bearish non-crossover. LM (730) is our first target and MQ (662) is our main objective. On a monthly basis, our 7 / 23 moving averages will continue to rise. A bearish non-crossover is in progress with our MACD. Below MM (863), LM is our next support.

Idea: lower

R = UM (995);    S = MM (863), LM (730)

 

Medium term: without trend

On a weekly basis, Bollinger bands spread is wide. A bearish A type crossover will develop. Our stochastic and MACD are overbought. LW (791) is our main target.

Idea: decline as long as our stochastic is not oversold.

R = PD (933), UD (996);    S = LD (862), LW (791)

  

Short term: decline

On a daily basis our 7 / 23 days moving averages are not bullish. Our stochastic and MACD are not oversold. PD (922) is our main resistance and MD (909) is the first one. LD (862) is a strong support.

Idea: with a bearish non-crossover for our stochastic or MACD, LD will fails as a support.

 

R = MD (909), PD (922);      S = LD (862).

 

 

 

Conclusion: not bullish as long as UM (995) acts as a resistance.