Yearly trend: bullish for more than 2 years.
On a yearly basis, a bullish parallel pattern is in progress with a strong dynamic for MY. The dynamic for each band is very strong. PY will cross MY in more than two periods. On a Historical basis, one of the most bullish patterns ever seen (since the end of XIX century).
Idea: bullish non-crossover for our stochastic.
Long term: quarterly bullish parallel pattern
On a quarterly basis, the pattern is a bullish parallel one. The dynamic for our 7 / 23 quarters moving averages is strong. The status in progress for our MACD is a bullish non-crossover with an oversold status for our stochastic. A new bull move is in progress.
On a monthly basis, a strong bearish dynamic is in progress with LM. Our 7 / 23 moving averages will continue to rise with a bullish non-crossover as a status. With our stochastic, the status is similar. As long as MM proves to be a support, a decline is only a technical move.
Idea: the bull trend will expend for some quarters
R = rise > 2 years, +++ (could be above 2 000); S = MM (913)
Medium term: weekly bullish parallel pattern
On a weekly basis, PW crossed MW with a nice bearish dynamic for LW, a bullish trend for our monthly basis and no correction after the crossover. Our 7 / 23 weeks moving averages are up with a bullish non-crossover as a status. The same pattern is in progress our stochastic and MACD. PW is a strong support.
Idea: LW will continue to deep.
R = +++; S = PW (1038)
Short term: bullish pattern
On a daily basis, UD / LD spread is expending more than 8 periods after T1.This move having an exceptional strength. When a pseudo T1 occurred, The Bollinger spread was not minimal. PD crossed MD with a strong bearish dynamic for LD, a bullish trend for our weekly basis and no correction after the crossover (if 1118, yesterday low, proves to be a support until tomorrow). Tonight, if the dynamic for LD don’t decrease, a new bullish parallel pattern will be in hand.
Idea: Wednesday (18/11), could be the last opportunity to finish building long position.
R = +++; S = MD (1079), PW (1038)
Conclusion: as long as MW (1002) proves to be a support, hold long positions.