Yearly trend: higher

On a yearly basis, the pattern in progress is a bullish parallel pattern. The status for our MACD is a bullish non-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

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 is maximal but is shrinking. With our 7 / 23 months moving averages, a bearish no-crossover is not ruled out within 3 periods. As long as our stochastic is not overbought, the rise in progress could continue.

Idea: if our monthly MACD is overbought before our monthly stochastic, LM will be a target

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 (68.97, end of period), LW (71.42)

 

Medium term: without trend

On a weekly basis, the level of volatility is not far away from its minimal level. For our 7 / 23 weeks moving averages, the trend is flat but a bullish no-crossover could develop. Our stochastic and MACD are oversold. With the monthly moving averages trend, no bullish pattern could develop.

Idea: PW = strong resistance

Bet: none

R = PW (83.1);     S = MW (76.99), LW (71.42)

  

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. As long as our MACD is not overbought, the rise in progress could continue.

Idea: decline below MD

Bet: a bullish pre-parallel pattern could develop.

R = PW (83.1);          S = MD (76.38), LD (70.98)

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