Long term:  bearish on a long term basis

On a yearly basis, Bollinger bands are down. A PEI is the status for our 7 / 23 years moving averages. Our stochastic and MACD are overbought. The decline in progress should continue for some periods. 

On a quarterly basis, a bearish A type crossover is in progress with our 7 / 23 quarters moving averages. A PEI is the status for our stochastic and MACD. A type I PEI could develop this year.

On a monthly basis; a bearish parallel pattern is always in progress. A PEI is in progress with our 7 / 23 months moving averages.

Idea: use monthly bearish parallel rules

Bet: a PEI could develop with our monthly stochastic.

R = PM (88.2);     S = 79.70 (Historical low), – – -.

 

Medium term: without trend

 On a weekly basis, Bollinger bands are flat. A bearish no-crossover is in progress with our 7 / 23 weeks moving averages. With an overbought status for our MACD, LW will be our next objective.

Idea: bearish as long as MW proves to be a resistance

Bet: as long as our 7 weeks moving average is down, a bear trend could develop.

R = MW (82.78);           S = LW (80.59)

 

Short term: decline

On a daily basis, Bollinger spread is wide; A PEI is in progress with our stochastic and MACD.LD is our next objective.

Idea: PEI with our 7 / 23 days moving averages

Bet: our stochastic is our leading indicator.

R = MD (82.50);   S = LD (81.34)

 

Conclusion: a bearish pattern could develop within 3 weeks on a weekly basis.