Thales SA: acceleration week, distribution still active

Thales SA is in week 8 of a sell signal, with the trade up 7.4% from the opening. Last week delivered the sharpest weekly drop of the cycle: −6.8%, with sellers at 81%. On the daily chart, however, a double bottom is taking shape in the 214 area — a pattern that adds an element of caution. Those holding a short position are assessing how the setup holds against a potential technical rebound.