Is Luokung Technology Corp. technically bullish or bearish?
As of June 18, 2025, the technical trend has shifted to bearish, driven by bearish daily moving averages and indicators, despite some mildly bullish signals from the weekly MACD and RSI.
As of 18 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 the daily moving averages, which are bearish, and the weekly KST and Bollinger Bands, both of which are also bearish. While the weekly MACD and RSI show mildly bullish and bullish signals respectively, they are overshadowed by the overall bearish trend in the daily and monthly time frames. The Dow Theory indicates a bearish monthly trend, further supporting the bearish outlook.
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