The current price is pretty irrelevant, because of the volume....

The current price is pretty irrelevant, because of the volume. On any given day, a small order can move the price by 5 % or 10 % or even more. There is no interest and therefore no volume, on some days just 10K or 20K shares traded. LSE is even worse than ASX, the German and US listings make the situation even worse because noone provides the liquidity there.

I wouldn't call Tuesday's volume "reasonable", sorry. Declining price with declining volume and a tightening range (volatility contraction) can generally be considered bullish by most traders. However, that applies to liquid stocks. With EMH everyone is just waiting - the holders cannot sell because the price would collapse, potential buyers cannot buy because the situation is unclear. Institutions and investors cannot enter through the exchange because the volume is a joke. EMH can follow the scenario of stocks like VUL or AVZ, if that happens, be prepared and have an exit plan.