Is A SPAC II Acquisition Corp. technically bullish or bearish?

Jun 25 2025 09:18 AM IST
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As of June 11, 2025, the market trend has shifted to mildly bearish, indicated by daily moving averages and Dow Theory, despite some bullish signals from the weekly MACD and Bollinger Bands.
As of 11 June 2025, the technical trend has changed from sideways to mildly bearish. The current technical stance is mildly bearish, driven primarily by the daily moving averages indicating a bearish sentiment and the Dow Theory signaling bearish conditions on both weekly and monthly time frames. While the weekly MACD and Bollinger Bands are bullish, the overall indicators suggest weakness, particularly with the monthly MACD being mildly bearish and the OBV showing mixed signals. The lack of strong bullish signals in the RSI further supports the bearish outlook.
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