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 UQ (1022.7) 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, -7, -6 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 (758.3) is our first target and MQ (662.6) 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 (873), LM is our next support.

Idea: lower

R = UM (987);    S = MM (873), LM (758.3)

 

Medium term: without trend

On a weekly basis, Bollinger bands spread is not yet minimal and Bollinger bands are flat. Our stochastic and MACD are without clear trend. Our 7 / 23 weeks moving averages are up. As long as MW (909.12) proves to be a support, a recovery towards UW (976) is not ruled out.

Idea: nothing to do

R = UW (976);          S = MW (909.12), LW (843)

 

Short term: rise?

On a daily basis, a bullish non-crossover is the status for our 7 / 23 days moving averages. With a decline today, our stochastic and MACD will be overbought. MD (907) is our first support and LD (879) is the next one. With a bullish non-crossover as a status for our MACD, a bullish pre-parallel pattern could develop.

Idea: Without a rise before the end of his week, more weakness is likely.

 

R = UD (934);      S = MD (907), LD (879). 

 

Conclusion: not bullish with the monthly MACD status.