Fortis at week 11: the market is not confirming the decline

Fortis is at week 11 of a sell signal, but the market has never confirmed the expected decline. The last few weeks show a gradual shift of forces: buyers dominate with increasing strength and the technical structure has formed a double bottom in the 54 area with a 5% rebound. The quality band flags trading not recommended — the stock is still more than 21% above the 200-week moving average.