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: bullish no-crossover for our stochastic is not ruled out.
R = 128.7, +++; S = MM (119.91)
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 (127.99); S = MW (124.58), PW (123.9), LW (121.17)
Short term: without trend
On a daily basis, Bollinger bands are flat and the spread is thin. Our indicators are neutral. With our weekly moving averages trend LD will be a strong support.
Bet: nothing to do.
R = UD (127.67); S = PW (125.55)
Conclusion: nothing to do until January 2011.