One of the good performing stock these past 2 months has run from $1 to $1.50, an increase of 50%. I know that it did have some good earnings announcement and projects. However I feel that for short term traders, $1.50 is a good point to profit take.
This consolidation may last for a few days to weeks. Let us see if it happens. Let us treat this as a case study.
A worthwhile price I would look at this stock again is $1.33 and below. $1.40 is small support though. See if it holds there.
Rgds
Daniel
