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: if LM = support, a bearish pre-parallel pattern could develop

Bet: MM is our main resistance

 R = MM (118.22), UW (120.28);    S = PQ (111.7), MY (110.3)

 

Medium term: without trend

On a weekly basis, Bollinger bands are flat. Our moving averages are flat. This time frame is without trend.

Idea: bearish no-crossover for our MACD

Bet:

R =MM (118.28);      S = LW (115.61)

 

Short term: rise

On a daily basis, daily M23 is up for some days. As long as our daily MACD is not overbought, the rise in progress could continue.

Idea: recovery as long as MD = support

Bet: none

 

R = UD (118.41);       S = MD (116.7), LD (114.99)

 

Conclusion: flat on a weekly basis.