There has only been 1 week of solid advancement in price. This was accompanied with a volume spike for the week. Volume spikes tend to start moves. An overbought signal can remain for quite some time in a true re-rate. A sideways move for a couple of weeks can turn the overbought signals back to a 'buy', but this could easily occur at a much higher level. IMO, price should retest previous resistance at 49 before a sideways move / consolidation or retracement on profit taking occurs. May take a couple of weeks to get there, or we could find price around this level quickly.
Strong announcements can blow resistance levels out of the water too btw. Keep the excellent drill results coming PD!
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