Doesn't look like that to me as the sell pressure is pretty constant. Looks like someone selling a large holding causing the price to drop - basic supply and demand. That in turn is making people reluctant to buy in when they see the price slowly but surely being pushed down. Still fair bit of resistance to sell pressure though and IMO good value at these prices. Once this selling stops I'd expect the price to rebound nicely.
Trading Today, page-677
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