Long term: bullish
On a yearly basis, Bollinger bands are up. The status for our 7 / 23 years moving averages is a bullish non-crossover. Our stochastic and MACD are oversold. Prices will move higher.
On a quarterly basis; a bullish non-crossover is the status for our stochastic and MACD. A bullish T 2 is expected.
On a monthly basis, a bullish non-crossover is the status for our 7 / 23 moving averages. Pattern with our Bollinger bands is a bullish parallel one.
Idea: bearish divergence for our monthly stochastic (after the 1st of February)…
R = above Historic High; S = LD (123.98)
Medium term: bullish parallel pattern
On a weekly basis, a bullish parallel pattern is in progress.
Idea: use parallel rules.
R = +; S = T1 (121.8)
Short term: flat
On a daily basis, Bollinger bands spread is minimal. UD (128.09) is our main resistance and LD (123.89) is our main support. With a close above UD + dynamic for UD and LD + new high during the next period, a bullish T2 will be in hand and a nice bullish ATDMF pattern will develop. Below LD, a decline will be only a technical move. As long as the MACD is not oversold, this move could continue.
Idea: new bullish parallel pattern soon (fly to quality)
R = UD (128.09), T1, +; S = LD (123.98), PW (121.28).
Conclusion: focus on monthly stochastic.