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 (122.4)
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 in June
R = 130, +, ++ ; S = MD (126.62)
Short term: bullish
On a daily basis, as long as MD proves to be a support, a decline is only a technical move.
Idea: nothing to do
R = 130, +, ++ S = MD (126.62)
Conclusion: add long position with a new parallel qualification on a weekly basis