PG&E slips 1.9% yet the double bottom holds as the decline slows down

Week 15 of the sell signal on PG&E, and the week closed down 1.9% just seven days after a 5.5% gain: a back-and-forth that points to a decline running out of direction. The daily chart shows a double bottom in the 16 area, with a 4% intermediate rebound, and the price has drifted back close to this week's first resistance and first support.