Is Asahi Songwon technically bullish or bearish?

Jul 01 2025 08:09 AM IST
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As of June 30, 2025, the trend is mildly bullish due to positive weekly indicators, though mixed signals from longer time frames suggest a lack of strong conviction.
As of 30 June 2025, the technical trend has changed from bullish to mildly bullish. The current stance is mildly bullish, driven primarily by the weekly MACD and Bollinger Bands indicating bullish momentum, while the monthly MACD and KST show mildly bearish signals. The daily moving averages remain bullish, supporting the upward trend. However, the absence of clear signals in the RSI and Dow Theory indicates a lack of strong conviction in the trend. Overall, the strength of the bullish stance is tempered by mixed signals in the longer time frames.
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