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 (1018.8) 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 weak bearish divergence. Above PQ (1018.8), 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 failed.  UM (1010) is our main resistance. MW (863) is a strong support.

Idea: UM is flat = main resistance

R = UM (1010);    S = MM (851.7)

 

Medium term: rise

On a weekly basis, Bollinger bands spread is wide. With an overbought status for our stochastic, UW (1002) is a strong resistance.

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

R = UW (1002) / UM (1010);    S = PD (929)

 

 

Short term: flat or rise?

On a daily basis, Bollinger bands spread is minimal. With our 7 / 23 days moving averages a bullish A type crossover could develop Tuesday. With the weekly stochastic, the rise is only a technical move. As long as MD (929) proves to be a support, a rise could develop. If UD (958) acts as a resistance this week, MD will be our main objective.

 

R = UD (958), UM (1010);      S = MD (929).

  

 

Conclusion: not bullish as long as 1019 acts as a resistance.