Tesco week 6: technical rebound on double bottom, decline not yet exhausted

Tesco is at week 6 of a sell signal, with the trade currently -2.47% from entry. The week just closed with a sharp +4.3% rebound and buyers at 87% of volume, but MACD remains in negative territory and momentum has dropped back sharply. On the daily chart, a double bottom has formed in the 433 area with an intermediate rebound of 5%: contradictory signals that warrant close attention.