CLA chart, page-2803

Here's the last 6 months chart only with volume (as we know all other indicators showing oversold).

CLA has 725m shares.

The period from where it gapped down approximately 105M shares traded. Say 14.5% of the book traded.

If you look at the volume pre & post announcement. it is clear that there is a higher volume of shares changing hands after the gap down.

If this was genuine selling (ie all holders exiting) the the price would have continued to fall.
Buyers  (accumulation) has set in & are stepping up to the plate to take where is on offer.

Waiting for the failed test to happen to confirm all sellers at these level have exited.