E.ON SE at week 6: the rebound fades, distribution resumes

E.ON SE is in week 6 of a sell signal: after last week's defensive rebound (+0.7% with buyers at 94%), this week reversed course with a -2.1% close and sellers at 83%. CMF returned to its most negative reading over the past 4 weeks, and on the daily chart a double bottom in the 18 area marks the boundary between holding and renewed decline.