PG&E: technical bounce in an unresolved decline

PG&E Corporation is in week 13 of a sell signal, with the position down 1.2% from entry. The week closed with a sharp 5.5% bounce and buy volume at 97%, reversing the prior week's decline. A daily double bottom has formed in the 16 area, making the technical picture genuinely mixed. Structural moving averages remain overhead resistance — close monitoring is warranted.