Yearly trend: higher

On a yearly basis, the pattern in progress is a bullish parallel pattern. The status for our MACD is a bullish no-crossover. Our 7 / 23 years moving averages are always on a bull trend.

Idea: use bullish parallel rules

Bet: higher

 

Long term: bullish pseudo no-crossover for our quarterly moving averages

On a quarterly basis, the spread UQ / LQ is maximal but shrinking slowly. With our 7 / 23 quarters moving averages, a bullish pseudo no-crossover could develop this year. Without a bearish no-crossover as a status for our stochastic, a rise will develop and UM will be a target. Otherwise LW will be an objective.

On a monthly basis, the spread UM / LM was maximal but is shrinking. As long as our stochastic is not overbought, the rise in progress could continue.

Idea: without dynamic for prices

Bet: towards LM with a bearish no-crossover as a status for our 7 / 23 months moving averages.

R= 83.95 (current high),    S= MM (69.05, end of period)

 

Medium term: level of volatility is minimal

On a weekly basis, the level of volatility is minimal l. But, LW is flat with prices on UW.  For our 7 / 23 weeks moving averages, a bullish no-crossover is in progress. Our stochastic and MACD are oversold. With the monthly moving averages trend, no bullish pattern could develop.

Idea: UW = strong resistance

Bet: none

R = UW (82.83);     S = MW (77.14)

 

Short term: rise

On a daily basis, UD / LD spread is not minimal. A bullish A type crossover is the status for our 7 / 23 days moving averages. With our weekly trend, no bearish pattern could develop.

Idea: decline below MD

Bet: nothing to do.

R = UD (83.53);          S = MD (79.54), LD (75.56)

Conclusion: why a medium / long term bullish pattern could develop?