BASF: selling pressure picks up, but double bottom demands attention

BASF is at week 4 of a sell signal, with the trade up 6% from entry. The week just closed was the sharpest of the cycle: a 2.5% decline with seller volume at 92%. On the daily chart, however, a double bottom in the 48 area with a 5% intermediate rebound introduces a note of caution. The quality band confirms: trading not recommended — patience before considering any new move.