Long term: towards LM could be likely after Q1 close

On a yearly basis, Bollinger band spread is not minimal, LY could decline and UY is rising. Our 7 / 23 moving averages are up and our stochastic could be overbought next period.

On a quarterly basis, the status for our stochastic and MACD is a weak bearish no-crossover. As long as MQ proves to be a support, a technical decline is in progress.

On a monthly basis, the UM / LM spread is maximal. A bearish B type crossover is the status for our 7 / 23 months moving averages. The status for our stochastic and MACD is overbought. Below MQ (at the close), LM is our next target.

Idea: as long as MM proves to be a resistance, MQ is our next objective.

Bet: MY will act as a support

R = MM (1.3995), UY (1.5111);    S= MQ (1.3764), LM (1.2434)

Medium term: next pattern will be a bearish parallel one

On a weekly basis; Bollinger bands spread was thin when a close below LW occurred. With the monthly trend, UW will be up for 3 periods. A bearish parallel qualification is in hand. 

Idea: next period, a new bearish parallel pattern will develop.

Bet: bearish no-crossover for our stochastic.

R = MD (1.4031);     S = MQ (1.3764)

Short term: bearish parallel pattern

On a daily basis, a bearish parallel pattern is in progress. If PD acts as a resistance today and if 1.3648 fails as a support, more weakness is ahead.

Idea: use bearish parallel rules

Bet: today, PD will act as a resistance.

R = PD (1.38.9), MD (1.4031);   S = –

Conclusion: with a weekly bearish parallel pattern, LM could be a target this year.