Having made a recent new 12 month high, it has now sunk back...

Having made a recent new 12 month high, it has now sunk back below the level it passed through to achieve it.Before Xmas it would have rocketed up further before pulling back; not so now, shares are doing their own thing and wandering off to make a sideways pattern before they can make a more determined rise or fall back into the broad base they temporarily left. Commonly called a bull trap.