Is Feutune Light Acquisition Corp. technically bullish or bearish?

As of 7 May 2024, the technical trend has changed from sideways to mildly bullish. The current stance is mildly bullish, driven primarily by the weekly and monthly MACD readings, both indicating mild bullish momentum. The monthly RSI is also bullish, supporting the positive outlook. However, the daily moving averages are mildly bearish, which introduces some caution. The Bollinger Bands on a weekly basis are sideways, and Dow Theory indicates a bearish trend on the monthly timeframe, suggesting mixed signals overall. The KST is mildly bullish on the weekly, while the OBV shows a mildly bullish trend on the monthly. Overall, the strength of the bullish stance is tempered by conflicting indicators, particularly in shorter time frames.