Yes you are correct, it is in fact overbought, and there will be a correction , but in saying that, it is healthy for the stock to pull back re gather then run again.
The more people that have spent their hard earned buying up at .25c , the greater the reluctance of the price to fall to far from there, (short term) speaking.
I still think we will pull back to around .23-.24 range before having another couple of runs. I know everyone wants to see us reach for the stars, but its not going to happen that way, I of all people wish for the non stop run, but very rarely is it successfull .
DYOR. Mine is a good guess at best
CER Price at posting:
24.0¢ Sentiment: LT Buy Disclosure: Held
