GrowLife Inc (PHOT)

[UHCougar]

It's basically a period when there's an even relationship between sellers and buyers (typically new buyers). The stock tends to trade sideways since buyers will buy no more than the ask and sellers will sell no lower than the bid. You'll see the words "price reset" associated with consolidation. After a run up on the pps, the stock will "take a breather" via consolidation before another leg up. Volume is typically high during a period of consolidation. A lot of shares exchanging hands.