Consolidation implies sideways trading, meaning limited movement to both the upside and downside. A 25% drop in price per share is quite excessive to be categorized as 'consolidation', unless you'd like to believe that any move down is consolidation. Try feeding your line to the guy who bought at the top, who finds his investment down 51%.
"Oh no worries sir, it's just consolidating"!
Click to visit us for overlooked trading & undervalued investing ideas.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.