Long term: higher on a yearly basis

On a yearly basis, the status for our 7 / 23 years moving averages is a PEI. 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 could increase. 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 our first objective.

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

Idea: an overbought status for our monthly stochastic + bearish A type crossover for our moving averages  

Bet: focus on overbought status monthly stochastic and MACD.

 R = 128.7, +++;    S = MM (119.85)

Medium term: towards LW

On a weekly basis, UW / LW spread is a reference one. A bearish B type crossover will develop with our 7 / 23 weeks moving averages. A bearish no-crossover is in progress with our MACD. As long as our stochastic is not oversold, LW is our first objective.

Idea: towards LW

Bet: towards MM

R = MD (125.94);    S = LW (122.51), MM (119.85)

Short term: bearish

On a daily basis, MD acted as a resistance with a bearish no-crossover for our MACD. LW is our first target.

Idea: towards LW

Bet: like a bearish pre-parallel pattern.

R = MD (125.94);    S = LW (122.51)

Conclusion: lower for some weeks…