Long term basis: technical recovery in progress
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. Within two periods, 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. Above MQ, the rise in progress will continue.
On a monthly basis; with our 7 / 23 months moving averages, a bearish 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. As long as our MACD is not overbought, a bullish pre-parallel pattern could develop.
Idea: bullish no-crossover with our monthly stochastic or overbought status within three months
Bet: none until May
R = UM (4345); S = MM (3493), LM (2641)
Medium term: Bollinger Bands spread is minimal
On a weekly basis a bearish A type crossover is the status for our 7 / 23 weeks moving averages. If the pattern is unchanged at the end of next week, UW will be a strong resistance. With the monthly trend no bear pattern could develop. LW is our main support.
Idea: no main trend for four weeks or more.
Bet: choppy without trend.
R = UW (3978) S= LW (3574)
Short term: UD / LD spread is not minimal
On a daily basis, a bullish no-crossover occurred with PD. A bullish no-crossover is in progress with our 7 / 23 days moving averages, stochastic and MACD. As long as our MACD is not overbought, the rise in progress could continue.
Idea: recovery as long as MD proves to be a support
Bet: LD will stay flat.
R = UD (3845); S= MD (3696), LD (3546)
Conclusion: nothing to do within four weeks.