RAC - Charts & Price Action, page-22175

We lost nearly 100 holders between the last quarterly and the publication of the annual report - data at 16-Aug (a ~six week window).





vs

data at 30-Jun


There's an error somewhere in the AGM data as it doesn't reconcile:



During this period, 5,719,019 shares traded. Our former Chair has maintained 10-15% of daily trade since he started exiting his position last year, approx. 715k shares during this time. If this wasn't occurring, the top two holding ranges would have seen an overall increase in holding compared to the bottom rungs.

Timeframe highlighted on your chart:




I think your OBV indicator is quite telling. JC can only exit on actual volume, the algorithm doesn't execute trades unless it is matched with natural volume, that volume is diminishing.

If I were to guess, I'd say the bulk of the small holders that entered in the last quarter during the 'FOMO hype post bonus option lapse' have now quit their positions, partly assisted by the US shtting the bed the other week. 'Real' volume has fallen off a cliff again as larger holders have scooped up all these loose shares. JC can't/won't force sells unless there's volume...



Volume collapse, bollinger squeeze and price failing to stay below the 65EMA. Sound familiar?