Long term basis: bullish above UM (at the close)
On a yearly basis, the status for our MACD is a bearish divergence. Furthermore, our MACD and stochastic are overbought at the same period. As long as our M7 is up, the main pattern is always a bullish parallel one. Below MY, a collapse could develop.
On a quarterly basis, a bearish A type crossover is in progress with our 7 / 23 quarters moving averages. A bullish no-crossover is in progress with our stochastic. As long as UM proves to be a resistance, the rise in progress is only a technical recovery.
On a monthly basis, Bollinger bands spread is wide. The status for our 7 / 23 months moving is a PEI. The status is the same for our MACD. UM is our main target.
Idea: not bullish as long as MQ proves to be a resistance at the close
Bet: towards UQ if UM fails as a resistance (at the close + LM trend down)
R = UM (1248), +; S = MM (1081).
Medium term: parallel qualification
On a weekly basis, a parallel qualification is in progress.
Idea: use bullish parallel rules
Bet: end of parallel with an overbought status for our MACD.
R = UM (1248); S= PW (1173), MW (1142)
Short term: flat
On a daily basis, UD / LD spread is wide. UD could act as a resistance. If MD proves to be a support, a bullish pre-parallel pattern could develop.
Idea: recovery with an oversold status for our stochastic
Bet: bearish below LD.
R = UD (1228); S= MD (1200), LD (1171)
Conclusion: above UM (at the close) is not ruled out.