The daily chart demonstrates price action inside a broadening triangle formation. If one were not to follow the right sequence of moves, but only consider higher highs and higher lows, than one can assume that price is also inside a rising channel.
It's interesting to see price inside a sideways channel on RSI containing the broadening formation as well. A break on any of these two red lines will turn into the driving force. Whichever way it choses to break. There is also a flat line that extends from last October that contrasts with the lower highs and lower lows made until may of the current year.
Needless to say that a MACD bull divergence points to a must reach target of 75.85.
Once again, time will tell.
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