Long term: towards LM

On a yearly basis, the status for our 7 / 23 years moving averages is a bullish no-crossover. The same status is in progress for our stochastic. The rise in progress could extend for some periods. Current Historical high is our first objective.

On a quarterly basis, UQ / LQ spread is wide. A bullish A type crossover is in progress with our 7 / 23 quarters moving averages. Our stochastic and MACD could be overbought at the close. Current Historical high or MQ could be an objective.

On a monthly basis, the spread for Bollinger bands spread is above a reference one. A bearish A type crossover could develop this year with our 7 / 23 quarters moving averages Our stochastic and MACD are overbought. LM could be a target.

Idea: LM is a strong support.

Bet: with a close below MM, LM as a target is likely.

 R = MM (120.1);    S =MQ (115.16), LM (113.69)

Medium term: lower for some weeks

On a weekly basis, PEI are in progress with TAM. MQ is our first target.

Idea: MW is a strong resistance

Bet: bearish below MQ.

R = MW (122.98);    S = MQ (115.16)

Short term: Bollinger bands spread is expending

On a daily basis, a type I or II PEI is expected.

Idea: wait for PEI

Bet: type II.

R = MD (120.1);    S = MQ (115.16)

Conclusion: with a daily type II PEI add TYO.

Long term: towards LM is not ruled out

On a yearly basis, the status for our 7 / 23 years moving averages is a bullish no-crossover. The same status is in progress for our stochastic. The rise in progress could extend for some periods. Current Historical high is our first objective.

On a quarterly basis, UQ / LQ spread is wide. A bullish A type crossover is in progress with our 7 / 23 quarters moving averages. Our stochastic and MACD are overbought. Current Historical high could be an objective.

On a monthly basis, the spread for Bollinger bands spread is wide and bands are flat. A bearish A type crossover could develop this year with our 7 / 23 quarters moving averages Our stochastic and MACD are overbought. LM could be a target.

Idea: LM is a strong support.

Bet: lower below last month low (118.53).

 R = MM (119.79);    S = 118.53, PQ (115.43), LM (113.14)

Medium term: lower for some weeks

On a weekly basis, UW / LW spread was a reference one and continue to expend. A bearish A type crossover is in progress with our 7 / 23 weeks moving averages. A PEI is in progress with our stochastic. A NEI is in progress on the monthly pattern.

Idea: MW is a strong resistance

Bet: towards 118.53

R = MW (124.12);    S = 118.53

Short term: Bollinger bands spread is minimal

On a daily basis, a bearish no-crossover is in progress with our 7 / 23 days moving averages. Below PD, our stochastic and MACD will be overbought. With this hypothesis, a decline without a bearish pattern (a qualification is expected next week) will develop.

Idea: very weak with an overbought status for our MACD

Bet: PD will fail as a support.

R = MD (119.99);    S = PD (118.89), –

Conclusion: lower below PD

Long term: higher on a yearly basis

On a yearly basis, the status for our 7 / 23 years moving averages is a bullish no-crossover. The same status is in progress for our stochastic and MACD. The rise in progress should extend for some periods. Current Historical high is only our first objective.

On a quarterly basis, UQ / LQ spread is wide and LQ is flat. A bullish A type crossover is in progress with our 7 / 23 quarters moving averages. Our stochastic and MACD were oversold at the same time. Current Historical high is only our first objective.

On a monthly basis, the spread for Bollinger bands spread is wide and bands are diverging. Our stochastic and MACD are not yet overbought.

Idea: as long as our monthly stochastic is not overbought, no correction could develop                                

Bet: bullish no-crossover for our stochastic is not ruled out.

 R = 128.7, +++;    S = MM (119.74)

Medium term: bullish parallel pattern

On a weekly basis, our 7 / 23 weeks moving averages are up. A bullish parallel is in progress. The rise could amplify.

Idea: use bullish parallel rules

Bet: towards LW if PW fails as a support.

R = UW (127.97);    S = MW (124.25), PW (123.66), LW (120.53)

Short term: lower but not bearish

On a daily basis, Bollinger bands are expending. A bearish no-crossover is the status for our stochastic. For our 7 / 23 days moving averages, a bearish A type crossover will develop. With our weekly moving averages trend, PW could be a support.

Idea: lower as long as our MACD is not oversold

Bet: MD is our main resistance.

R = MD (126.65);    S = PW (123.66)

Conclusion: technical correction on a daily basis.

Long term: higher on a yearly basis

On a yearly basis, the status for our 7 / 23 years moving averages is a bullish no-crossover. The same status is in progress for our stochastic and MACD. The rise in progress should extend for some periods. Current Historical high is only our first objective.

On a quarterly basis, UQ / LQ spread is wide but increasing. A bullish A type crossover is in progress with our 7 / 23 quarters moving averages. Our stochastic and MACD were oversold at the same time. Current Historical high is only our first objective.

On a monthly basis, the spread for Bollinger bands spread is wide and bands are diverging. Our stochastic and MACD are not yet overbought.

Idea: as long as our monthly stochastic is not overbought, no correction could develop                                

Bet: above Historical High (128.7)

 R = 128.7, +++;    S = MM (119.78)

Medium term: bullish parallel pattern

On a weekly basis, our 7 / 23 weeks moving averages are up. A bullish parallel is in progress. The rise could amplify.

Idea: use bullish parallel rules

Bet: higher for some weeks.

R = 128.7;    S = MW (123.7)

Short term: higher

On a daily basis, MD is up. As long as our MACD is not overbought, the rise in progress will continue.

Idea: bullish parallel qualification in progress

Bet: bullish no-crossover for our MACD.

R = 128.77;    S = MD (126.02)

Conclusion: bullish on a medium term basis