Long term: PQ is a strong support

On a yearly basis, Bollinger bands spread is shrinking. The trend for our 7 / 23 years moving averages is slightly up. Our stochastic is oversold with a weak bullish no-crossover.

On a quarterly basis, LQ could turn up but the UQ / LQ spread is wide. A bullish A type crossover is in progress with our 7 / 23 quarters moving averages. Our stochastic and MACD are overbought with a bearish divergence for our stochastic. As long as PQ proves to be a support, the decline in progress is only a technical move.

On a monthly basis, a bearish divergence is in progress for our stochastic with a bearish no-crossover for stochastic and MACD. LM / PQ is our main objective.

Idea: MM is our main resistance

Bet: a new bearish no-crossover could develop with our monthly stochastic

 R = MM (118.65);    S = PQ (111.7), MY (110.37)

Medium term: without trend

On a weekly basis, Bollinger bands are flat and the spread is not far away from its minimal level. The pattern in progress for our 7 / 23 weeks moving averages is a bearish no-crossover. A bullish no-crossover is in progress with our stochastic.  MW could act as a resistance.

Idea: LW is a strong support.

Bet: PW is a strong resistance

R = MW (117.68), PW (119.03);      S = LW (115.46)

Short term: neutral

On a daily basis, Bollinger bands spread is at its minimal level. With the weekly trend, Bollinger bands are our main targets.

Idea: nothing to do

Bet: no

R = UD (118.03);       S = LD (116.56)

Conclusion: flat