RELX: the rebound week gives way to a fresh drop

RELX is in week 4 of the sell signal, with the trade currently down 2.85%. After a 11% rebound over the prior weeks — forming a double bottom in the 2340 area — this week closed with a sharp 4.7% drop, sellers at 76%. The technical picture remains mixed: signs of rebound exhaustion coexist with a MACD histogram that is still converging toward the signal line.