RAC - Charts & Price Action, page-11715

"and our two steady seller's"

	3:48:58 pm	3:48:58 pm	195.5	127	0.5	$248	2
1	3:36:22 pm	3:36:22 pm	195	8,714	1.5	$16,992	3
2	3:36:22 pm	3:36:22 pm	196.5	2,499	0.5	$4,910	1
3	3:36:22 pm	3:36:22 pm	197	1,287	0.5	$2,535	1
4	3:33:48 pm	3:36:22 pm	197.5	2,506	0.5	$4,949	2
5	3:32:24 pm	3:33:48 pm	198	4,270	1	$8,454	5
6	3:22:22 pm	3:31:13 pm	197	8,500	0.5	$16,745	3

I was watching the trading ticker around 3.36pm and noted the dump of 15k down to 195.5 from 197.5 in one swoop. One possible reason was an on-market transfer of shares between two Merchant holdings - the seller for a tax loss or tax reduction reason and the buyer to build a cheap holding. (Is there confirmation of DrG - BG, still selling here?)

Most of the shares on the buy side were not visible so I'm going with the Merchant theory as buyers are so hard to find these days.

Here's a chart ... Since the "Sheba" news (around 40c) to the top, the 61.2% recoil Fib level is just a little below here at $1.87. The large cycle count is still valid - just need news to break this down-trend.
(General market still feels terrible though IMO)