They (Street people, hedgies, instys and MM's) held the stock in a tight range on low volume for almist six days, then in the last half hour yesterday that take it down to oversold...
Seems like a "Hail Mary" to collect shares or cover.
IMO this bear raid is coming to an end and they got nothing out of it where did all of the volume come from yesterday at 3:30 if not wash trading?
Notice how the OBV below shows the dump, and the grab for shares at $6 above.
They grabbed low hanging fruit at $6 and took out the idiots with hard stops below $5.50. That's how the algos work.