trading sideways but rising as well.

This is the Chart:
http://bigcharts.marketwatch.com/javachart/javachart.asp?symb=AU%3AIBR&time=&freq=

Previouly, STO was 87, now 70.8, So, this "hot" chart has cooled down.

One can still expect some minor retraces when there is a spike.
Just sideways trading for a couple of days would have been enough. But no, the high demand drives the price slowly up as well. (A stepladder effect).

That is an ideal situation to have when one looks at a somewhat steep chart.

Just my opinion,

Gerry
Readers, please do your own research and you decide if and when to buy, hold or sell any stocks.