Long term: higher

On a yearly basis, the trend for our 7 / 23 years moving averages is up. A bullish no-crossover is the status for our stochastic and MACD. The rise in progress should extend.

On a quarterly basis, UQ / LQ spread is wide but increasing. A bullish no-crossover is in progress with our 7 / 23 quarters moving averages. Our stochastic and MACD are oversold at the same time. UQ is our first target.

On a monthly basis, our stochastic and MACD are oversold. The spread for Bollinger bands spread is wide. If PM fails as a resistance, 128.7 (Historical High) will be our next target.

Idea: bullish for some years

Bet: above 128.7 this year

 R = PM (125.03);    S = MM (119.38)

Medium term: bullish

On a weekly basis, our 7 / 23 weeks moving averages are up. A bullish no-crossover is the status for our stochastic. A qualification in bullish parallel is in progress. The rise will amplify.

Idea: use bullish parallel rules

Bet: very bullish

R = PM (125.03);    S = MW (119.9)

Short term: rise

On a daily basis, the status for our 7 / 23 weeks moving averages is a bullish no-crossover. As long as MD proves to be a support, a decline is only a technical move.

Idea: MACD as a leading indicator

Bet: MD is a strong support

R = PM (125.03);    S = MD (122.87)

Conclusion: fly to quality will continue and amplify…