Yearly trend: bullish for more than 2 years.
On a yearly basis, a bullish parallel pattern is in progress. The dynamic for each band is very strong. PY will cross MY in more than two periods.
Idea: bullish non-crossover for our stochastic.
Long term: bullish above Historical High (1033)
On a quarterly basis, the pattern is a bullish parallel one. The dynamic for our 7 / 23 quarters moving averages is bullish. The status in progress for our MACD is a bullish non-crossover with an oversold status for our stochastic. Above 1033 a new bull move could develop.
On a monthly basis, our 7 / 23 moving averages will continue to rise with a weak 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: 1033 levels could be a strong resistance
R = 1033, UQ (1060), +++; S = MM (901), LM (788)
Medium term: flat
On a weekly basis, Bollinger bands spread is not yet minimal. Our 7 / 23 weeks moving averages are up with a bullish non-crossover as a status. Our MACD is not overbought. PW is a strong support.
Idea: a bullish pre-parallel pattern could develop in October.
R = 1033; S = PW (928)
Short term: Bullish parallel pattern
On a daily basis, a bullish parallel pattern is in progress.
Idea: use bullish parallel rules.
R = 1033; S = MD (981)
Conclusion: not bullish (medium / long term) as long as 1033 = resistance.