Long term: bullish
On a quarterly basis, the trend for Bollinger bands spread is increasing. Our 7 / 23 quarters moving averages are up. Our stochastic and MACD will continue to rise.
On a monthly basis, as long as our MACD is not overbought, the rise in progress will continue or amplify.
Idea: higher for some periods on a quarterly basis.
Bet: above 130
R= 130, +, ++; S= MM (123.04)
Medium term: bullish parallel pattern
On a weekly basis (continuous contract), a bullish parallel pattern is in progress.
Idea: use bullish parallel rules
Bet: a new parallel qualification will develop next week
R = 130, +, ++ ; S = PW (125.94)
Short term: neutral
On a daily basis Bollinger bands spread is minimal. With the weekly trend, LD should act as a support. Above MD, UD is our next objective.
R = MD (128.82), UD / PD (129.73) S = LD (128.02)
Conclusion: very bullish if UD fails as a resistance