RWE climbs 7.0% and puts the sell signal's grip to the test

RWE is in week 8 of a sell signal, and the week just closed posted a 7.0% rebound on 93% buying volume. The bounce grows out of a double bottom in the 54 area, with an intermediate 4% jump already on the daily chart: a clear change of pace from the two prior weeks, both of which closed lower. The technical picture still calls for a careful read.