Could it be in Stage 3, distribution?
Bursa Utilities has made 26W low in its RS. It is testing the mid term moving average. If it closes below the moving average for the week, it might sign the bearish momentum. From the Stage Attribute, it should be at the Stage 3 a.k.a distribution.
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TradeBursaForALiving OP : Utilities index is testing long term moving average.
The Relative Strength has triggered 26W low.