Very, very low volume trading has got it here. I see it as being in a classic 'wait and see' mode.
No one wants to commit until news is forthcoming, or a trend is established. IMO the downward trend is not fully convincing because of the lack of volume. Simply impatient investors and the odd sell trigger being fired. I'd be surprised if it was a single large holder selling down their position, as suggested on this thread somewhere.
Much hinges on the next announcement and how they have dealt with the issue of chemically treated hair. If at all positive, you would expect the SP to move substantially up and out of the current range.
Very much a good punt from these levels IMHO!
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