Technical Trend Overview
The latest technical assessment reveals a nuanced picture for EIH. While the overall trend has shifted to mildly bullish, several key indicators remain mixed. The Moving Average Convergence Divergence (MACD) on both weekly and monthly charts continues to signal a mildly bearish stance, suggesting that momentum has yet to fully confirm an upward trajectory. Similarly, the Bollinger Bands and Know Sure Thing (KST) indicators on weekly and monthly timeframes also reflect mild bearishness, indicating some caution in price volatility and momentum.
Contrasting these, the daily moving averages have turned mildly bullish, signalling that short-term price action is gaining positive momentum. The On-Balance Volume (OBV) indicator, which measures buying a...
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