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 flat. Our stochastic and MACD are not yet overbought. In early 2011 a bearish A type crossover could be the status for our 7 / 23 months moving averages.

Idea: as long as our monthly stochastic is not overbought, no correction could develop                                

Bet: new bullish move above 127.

 R = 127, 128.7;    S = MM (119.49)

 

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: above PW with an oversold status for our stochastic

R = PW (126.5);    S = MW (122.74)

 

  

Short term: without trend

On a daily basis, UD / LD spread is not minimal. As long as PW proves to be a resistance a recovery is only a technical move.  

Idea: a bullish pre-parallel pattern could develop

Bet: MD is a nice support.

R = UD (126), PW (126.5);    S = MD (124.59)

 

Conclusion: towards PW or above.