Is Bukit Jalil Global Acquisition 1 Ltd. technically bullish or bearish?

Jun 25 2025 09:19 AM IST
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As of June 2, 2025, the technical trend has shifted to a bearish stance, supported by bearish indicators from MACD, Bollinger Bands, KST, and moving averages, along with Dow Theory confirming weakness and significant underperformance against the S&P 500.
As of 2 June 2025, the technical trend has changed from mildly bearish to bearish. The current technical stance is bearish with a strong indication of weakness. Key indicators driving this stance include a bearish MACD on the weekly time-frame, bearish signals from Bollinger Bands and KST on the weekly, and bearish moving averages on the daily. Additionally, Dow Theory confirms a bearish outlook on both weekly and monthly time-frames. The stock has significantly underperformed compared to the S&P 500 over multiple periods, further reinforcing the bearish sentiment.
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