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. MACD could be overbought next period.

On a quarterly basis, LQ is slightly 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. With UM / LM spread, LM / PQ is our main objective.

Idea: MM is our main resistance

Bet: towards LM

 R = MM (118.63);    S = LM (112.63), MY (110.34)

Medium term: lower

On a weekly basis, Bollinger bands 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 bearish trend is in progress without a bearish pattern.

Idea: MW is a strong resistance

Bet: bearish as long as our MACD is not oversold

R = MW (117.23);      S = LW (114.93), LM (112.63)

Short term: 

 On request