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: above PQ (1018)?

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 could be a bearish divergence. Above PQ (1018), a new bull trend could develop with a bullish non-crossover for our MACD and a strong bull trend for our 7 / 23 quarters moving averages. On a monthly basis, Bollinger bands spread is wide. A bullish non-crossover for our 7 / 23 months moving averages could / will develop next month (see -8 prices).  UM (1008) is our next objective. MW (828.8) is a strong support.

Idea: with an oversold status for our stochastic (early March) a long term rise could develop.

R = PQ (1018);    S = MM (837) / MW (828)

Medium term: recovery / rise

On a weekly basis, Bollinger bands spread is not minimal and LW is flat. The status for our 7 / 23 weeks moving averages is a bullish B type crossover. In last November a bullish non-crossover occurred with our stochastic and MACD. As long as our MACD is not overbought, the rise in progress will continue.

Idea: rise if PM (946.6) fails as a resistance.

R = UM (1008);    S = MW (828.8)

Short term: higher?

On a daily basis, Bollinger bands spread is not minimal (MD is up). With our 7 / 23 days moving averages a bullish non-crossover is in progress. As long as our MACD is not overbought, the rise in progress will continue. Below LD (878), MW (828.8) is our main support.

Idea: rise as long as our MACD is not overbought. 

R = UM (1008);      S = LD (878)

Conclusion: towards PQ (1018).