SCL – Schrole Group | Aussie Stock Forums

Schrole Group Ltd (SCL, formerly Aquaint Capital Holdings Limited) is a technology-based software developer and provides schools (both domestic and international) with technology based recruitment platforms and consulting service solutions to enable schools to address staffing and recruitment solutions and the development of customized advisory and training services.

Going by the chart I was thinking of picking SCL for the November Tipping Comp but there was talk about the release of escrowed shares hitting the market.
News from Stockhead below:
Escrow refers to shares that are held by early investors or directors restrained from selling for a year or two.
The release of escrowed shares can have a big impact on stock price, because a sudden influx of stock onto the market can depress the shares you own.

Edtech Schrole Group (ASX:SCL) has the most coming out of escrow, with 233 million on October 12, alongside a raft of performance shares and unlisted options.

So in view of that, I’ll have a pick of another stock but I’ll still put up the chart I have for future reference. It still could bounce up, more volume of late but that could be of the reasons above.
My Short term MAs > Long Term MAs / Higher lows are appearing, will it breakout?