Long term basis: technical recovery in progress (will finish before April?)

On a yearly basis, the status for our stochastic is overbought. Our 7 / 23 years moving averages are up but have a look on  – 8, – 7 , -6  prices).

On a quarterly basis, Bollinger bands are flat but LQ / UQ spread could / will increase with lower prices. The bearish trend for our 7 quarters moving average will continue for the next period.  The bearish B type crossover could be modified into a bearish A type crossover. At the end of the period, a bearish no-crossover could be the status for our MACD (same for our stochastic). With this hypothesis, a significant collapse will be in hand.

On a monthly basis; with our 7 / 23 months moving averages, a bearish no-crossover / or a pseudo no-crossover is not ruled out. With this hypothesis, a bearish no-crossover will be the status for our quarterly MACD. A collapse will be a weak word for the move ahead.

Idea: Below MM, LQ could be a short term objective.

Bet: bearish no-crossover as a status for our quarterly MACD

R = MW (3795), UD (3858);    S = MM (3517), LQ (2763), LM (2607)

 

Medium term: weak if MW proves to be a resistance

On a weekly basis, Bollinger Bands spread is minimal. A bearish A type crossover could develop with our 7 / 23 weeks moving averages. With the monthly trend no bear pattern could develop.

Idea: UW target is unlikely

Bet: bearish no-crossover as a status for our stochastic.

 

R = MW (3795), UD (3858)               S= LD (3526)  

 

 

Short term: UD / LD spread is maximal

On a daily basis, M23 will continue to decline. UD is our maximal objective. Below MD, LD is our next target

Idea: recovery as long as our MACD is not overbought.

Bet: next week, LD will act as a support.

R = UD (3858);     S= MD (3705), LD (3545)

 

Conclusion: with a bearish no-crossover as a status for our quarterly MACD, a multi-months collapse will be in hand.