I'm watching on the sidelines recently.AAX is one of the...

I'm watching on the sidelines recently.

AAX is one of the engineering companies that I'm watching.

Probable reason for the slide could be:
1. Institutional investors selling since other companies ie WOR, CDD, CLO, LEI could be more of a good buy perhaps.
2. Could be proposed mining tax with some mining companies putting their project on hold and thus affecting AAX.
3. Could be some bad engineering matters that are not yet disclosed in their projects both locally or overseas.
4. Scared and disappointed retail investors.

Directors are not selling (yet?) so some are still hoping.

Charts looks frightening hence my sell sentiment. Any ups could be just shortsellers could just be closing for the day though no closing yet. Seems heavily shorted for no apparent reason.

Just my wild speculation.