Long term:  MM (103.46) = strong resistance

On a yearly basis, a close occurred below LY and Bollinger bands are slowly down. A bearish non-crossover is the status for our 7 / 23 years moving averages. Our stochastic is overbought. A bullish non-crossover could develop with our MACD. The decline in progress could continue.

On a quarterly basis, UQ / LQ spread is increasing. A bearish A type crossover is in progress with our 7 / 23 quarters moving averages. Our stochastic and MACD are overbought. Decline will continue for some periods. On a monthly basis, a bullish divergence is the status for our monthly stochastic. Our 7 / 23 months moving averages are not bullish for some month (bearish non-crossover in progress). As long as our 7 / 23 months moving averages are bearish, a rise is only a technical recovery.

Idea: LM (89.12) is our main objective.

R = MM (103.46);     S = LM (89.13)

Medium term: flat

 On a weekly basis, Bollinger bands spread is wide. MW is flat. With a close below MW (94.26), LW (86.65) is our next objective.

Idea: bearish A type crossover for our 7 / 23 weeks moving averages.

R = 100;           S = MW (94.26), LW (86.65)

Short term: decline

On a daily basis, Bollinger bands spread is not minimal and expending. With the weekly trend, no bear pattern could be expected. As long as our MACD is not oversold, the decline in progress could continue.

Idea: below MW (94.26)

R = MD (98.9);   S = MW (94.26), –

.

Conclusion: LW (86.65) could be a target within some weeks.