The Rebound Doesn't Erase the Signal: Tesco's 4 Weeks Under Watch

Tesco is at week 4 of a sell signal. After the sharp decline in week 2 (-7%, buyers nearly absent), the stock has rebounded for 2 consecutive weeks with buyers at 87%. MACD remains in negative territory, but the histogram is improving and momentum has recovered from -30 in late May to -8 now. A technical rebound that does not close the signal, but raises a question about the hold of the lows in the 433 area.