Is Asian Energy technically bullish or bearish?
As of June 13, 2025, the market trend is mildly bullish due to positive signals from the weekly MACD, KST, and Bollinger Bands, although daily moving averages indicate a mildly bearish trend, suggesting a cautious approach due to mixed indicators.
As of 13 June 2025, the technical trend has changed from mildly bearish to mildly bullish. The current stance is mildly bullish, driven by the weekly MACD and KST indicators both showing bullish signals, along with a bullish outlook from the Bollinger Bands. The Dow Theory also supports a mildly bullish view on the weekly timeframe. However, the daily moving averages indicate a mildly bearish trend, which tempers the overall bullish sentiment. The lack of signals from the RSI on both weekly and monthly timeframes suggests caution. Overall, the strength of the bullish stance is moderate, influenced by mixed signals across different indicators.
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