Eastman Kodak: week 8 sell signal accelerates lower

Week 8 of the sell signal on Eastman Kodak, and the week just closed down 11.5% with sell volume at 90%. The technical picture shows no sign of the pressure easing: the MACD histogram is worsening, CMF has swung back into distribution and momentum has turned more negative. In the background, a double bottom in the 9.1 area remains visible, its intermediate 12% bounce largely given back.