Yes, I would read the numbers you posted as "generally stable" across the morning, rather than "down and then up." Technically a change has to be more than 1.7 for it to "count" as changing, BG readings on a meter can fluctuate by at least that much just randomly (your BG actually fluctuates + test strip technology is not 100% accurate).
Reading your post made me wonder, since you don't mention it - do you eat breakfast normally? BGs rise naturally during that time anyway, and a lot of people find they rise more when they skip breakfast. Personally, I'm not a big breakfast fan so rather than eating breakfast I sometimes take a little extra short-acting insulin in the morning even though I'm not eating. By the looks of the readings you shared, it doesn't look like you need it, but it can be an option to keep in mind if you find that to be a struggle later on!