Long term: higher on a yearly basis

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: above Historical High (128.7)

 R = 128.7, +++;    S = MM (119.78)

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: higher for some weeks.

R = 128.7;    S = MW (123.7)

Short term: higher

On a daily basis, MD is up. As long as our MACD is not overbought, the rise in progress will continue.

Idea: bullish parallel qualification in progress

Bet: bullish no-crossover for our MACD.

R = 128.77;    S = MD (126.02)

Conclusion: bullish on a medium term basis