Long term: towards LQ is not ruled out
On a yearly basis, Bollinger band spread is not minimal and could stay at the same level for some periods. Our 7 / 23 years moving averages will be without main trend. With an overbought status for our stochastic (early 2011), 1.164 (2005 low) is the first objective and LY is the next one.
On a quarterly basis, the status for our stochastic and MACD is a bearish no-crossover. Next pattern for our 7 / 23 quarters moving averages could be a bearish A type crossover. With this hypothesis, LQ is our first support. If MQ proves to be a resistance, a bearish pre-parallel pattern could develop.
On a monthly basis, the UM / LM spread is far away from its minimal level. A bearish A type crossover is the status for our 7 / 23 months moving averages. A bearish no-crossover could develop. As long as our MACD is not oversold, the decline will continue.
Idea: bearish as long as our quarterly stochastic is not oversold (at least for 3 periods)
Bet: bearish no-crossover on a quarterly and monthly basis.
R = MM (1.3646); S= LM (1.2142), LQ (1.1587)
Medium term: without pattern
On a weekly basis, the bearish parallel qualification is over. As long as our stochastic is not overbought, UW could be a target.
Idea: end of the recovery with a close below MW
Bet: UW is a strong resistance
R = UW (1.379); S = MW (1.2827), LW (1.1865)
Short term: rise
On a daily basis, a rise is in progress. As long as a bearish A type crossover is not the status for our 7 / 23 days moving averages, a bear move is only a technical correction.
Idea: end of the recovery with an overbought status for our MACD
Bet: as long as MD = support, the recovery in progress could continue.
R = 1.3053 (current high), UW (1.379); S = MD (1.2908)
Conclusion: nothing to do on a short term basis (one day to three weeks)