Is Metal Sky Star Acquisition Corp. technically bullish or bearish?
As of May 3, 2024, the trend is bullish based on daily indicators, but caution is advised due to mixed signals from weekly and monthly data, including bearish trends in Dow Theory.
As of 3 May 2024, the technical trend has changed from mildly bullish to bullish. The current stance is bullish, with strength indicated by daily moving averages showing bullish signals. However, the weekly MACD and Bollinger Bands are mildly bearish, which suggests some caution in the short term. The monthly RSI is bullish, supporting the overall positive outlook. Despite the bullish trend, the Dow Theory indicates bearish signals on both weekly and monthly time frames, which could temper enthusiasm. Overall, while the daily indicators are strong, the mixed signals from the weekly and monthly data suggest a cautious bullish stance.
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