Long term: higher

On a yearly basis, the trend for our 7 / 23 years moving averages is up. Our stochastic and MACD are oversold. For each one, a bullish no-crossover is in progress. The rise in progress should extend.

On a quarterly basis, UQ / LQ spread is wide but  increasing. A bullish no-crossover is in progress with our 7 / 23 quarters moving averages. Our stochastic and MACD could be oversold at the end of this year. UQ will be our first target.

On a monthly basis, our stochastic and MACD will be oversold at the end of May. The spread for Bollinger bands spread is wide. UM is our main target.

Idea: towards UM or above.

Bet: MM will act as a strong support

 R = UM (124.55);    S = MM (119.16)

 

Medium term: rise

On a weekly basis, Bollinger bands spread is increasing. Our 7 / 23 weeks moving averages are up. With a bullish no-crossover as a status for our stochastic, the rise will amplify. Otherwise, MW could be a target.

Idea: as long as our MACD is not overbought a decline is a technical move

Bet: MW is a strong support

R = UW (120.77);      S = MW (117.87)

 

Short term: decline

On a daily basis, Bollinger bands spread is wide. As long as our stochastic is not oversold, LD is our main target.

Idea: towards LD

Bet: technical decline in progress

R = MD (120.02), UD (121.8);       S = LD (118.37)

 

Conclusion: nothing to do.