Decline in progress · Week 7
ENGIE: double bottom forming, but the sell signal holds
Decline in progress · Week 7
In Summary
ENGIE is in week 7 of a sell signal, with the trade currently showing a slight loss from entry. Last week closed up 1.8% on dominant buy volume, while a double bottom forms in the 26 area on the daily chart with an intermediate rebound of 5%. The sell signal was not confirmed over the 3 observation weeks: the quality band flags trading as not recommended.
IQS Phase
55
ordinary
Signal Strength
8
indecisive week
Sizing
MINIMUM
Ranking
#48 / 57
EU-UK stocks
Trade P&L %
-1.19%
from signal to today
restricted Platinum content