Exactly what this ticker should be doing right now. All of the indicators are way over extended and it needs time to cool.
Like I mentioned last week, this week should bring continued consolidation, dropping it down to the mid-$.50’s.
Keep in mind that this ticker has shown us how quickly it can reverse a trend. The consolidation could only be a few days before it starts its next leg up.
Nonetheless, this week will provide a great opportunity to buy.