Technical Momentum Shifts Amid Mixed Market Signals
Technical Trend Overview
The technical trend for RSWM has shifted from a bearish stance to a mildly bearish one, signalling a subtle change in market sentiment. This transition is underscored by a blend of weekly and monthly indicator readings that present a mixed picture. The daily moving averages currently suggest a mildly bearish outlook, indicating that short-term price movements remain under some pressure despite recent gains.
On the weekly scale, the Moving Average Convergence Divergence (MACD) indicator shows a mildly bullish signal, hinting at potential upward momentum building over the near term. However, the monthly MACD remains bearish, reflecting longer-term caution among market participants. This divergence between weekly and…
