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: qualification into a bullish bubble?

 

Long term: bearish no-crossover for our quarterly stochastic and MACD?

On a quarterly basis, the spread UQ / LQ is maximal. 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. Meanwhile, a bearish no-crossover could be the status for our stochastic and MACD. With this hypothesis (end of period) LQ will be our main target.

On a monthly basis, the spread UM / LM is shrinking and far away from its minimal level. A weak bullish no-crossover is the status for our MACD. As long as MM proves to be a support, UM is our main target.

Idea: without strong trend

Bet: monthly Bollinger bands could stabilize

R= UM (94.56);    S= MM (68.77), PM (60.44)

 

Medium term: Bollinger bands spread is flat

On a weekly basis, the spread UW / LW is flat and not minimal. Our stochastic is not overbought. UW could be our main target.

Idea: rise as long as MW proves to be a support

Bet: nothing to do

R = UW (86.93);     S = MW (77.94), LW (68.95)

  

Short term: rise

On a daily basis, UD / LD spread is not far away from the minimal level. As long as MD proves to be a support, a decline is only a technical move.

Idea: above 83, UW is our next objective

Bet: the rise will continue as long as M7 is up.

R = 83 (current high), UW (87.04);          S = MD (78.6)

 

Conclusion: rise in progress (medium term basis)