Have you ever come across this manipulaiton? The below is from WCN, same was happening on ENV. Just wondering if it's a "don't touch it with a 10ft pole" situation, or if they are trying to hold it back to accumulate.
I've never come across it before, so I'll watch these over the next six months to see where they go. ENV has been beaten into submission but virtually no sellers that I can see, other than the odd frustrated holder. Buyers have been fairly consistent taking whats on the offer but not going two pips higher. So I'm thinking it is an accumulation pattern that takes months and months to play out.
