Is Plum Acquisition Corp. I technically bullish or bearish?
As of June 20, 2025, the market trend is bearish with weak strength, indicated by bearish moving averages and Bollinger Bands, despite some mixed signals from the MACD and KST.
As of 20 June 2025, the technical trend has changed from mildly bearish to bearish. The current stance is bearish with weak strength. The weekly MACD shows mildly bullish signals, but the monthly MACD is bearish, indicating a lack of sustained momentum. The daily moving averages are bearish, reinforcing the negative outlook. Bollinger Bands on both weekly and monthly time frames are bearish, and the KST is mildly bullish weekly but bearish monthly, suggesting mixed signals. Overall, the lack of clear trends in Dow Theory and OBV further supports the bearish sentiment.
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