Spoofing or someone just dumped a whole load of shares on RR. In any case that must have taken most of long positions out for retail traders since stop losses must have been triggered on this one, With no buyers left price heads south, still bullish on this one and still on the trade as we broke out of this descending wedge that we have been in for a while, It looks like we are heading towards a right shoulder of a reverse H&S pattern as indicated by the blue arrows.
Analysis looks good!