Tesco climbs 1.5% as the bearish front catches its breath

Tesco gains 1.5% in the week just closed, in week 8 of a sell signal: buy volume climbs back to 48% after a low of 9% in mid-June, and momentum is recovering ground. On the daily chart a double bottom is taking shape in the 433 area, with an intermediate rebound of 5%: the bearish front looks to have lost part of its drive.