Is Le Merite Export technically bullish or bearish?

Nov 05 2025 08:36 AM IST
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As of November 4, 2025, the trend is bullish, supported by positive MACD readings and daily moving averages, though caution is warranted due to a bearish monthly RSI.
As of 4 November 2025, the technical trend has changed from mildly bullish to bullish. The current stance is bullish, supported by the weekly and monthly MACD readings, both indicating bullish momentum. The daily moving averages also confirm a bullish outlook. However, the monthly RSI is bearish, which introduces some caution. The Bollinger Bands are mildly bullish on both weekly and monthly time frames, suggesting some upward potential. Overall, while there are mixed signals, the prevailing trend is bullish, driven primarily by the MACD and moving averages.
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