Probably and possibly true that it could consolidate down, but this chart seems to be exploding to me, look at the volume. Understandably, the entire sector was on fire, then stepped back.
However, IMO, you're playing with fire if you're flipping a couple pennies. If you happen to miss a PR, you're possibly chasing half a buck. Seem's to be a better idea to set it and forget it with this one. It'll continue to rise, and dip along the way, but one good PR and it'll take a superman leap.
Set and forget. Long