I think it's a case of the price getting a bit ahead of itself,...

I think it's a case of the price getting a bit ahead of itself, created a great opening for a shake out which has been difficult to achieve for a while.

Daily and weekly charts with bollinger bands and 20 period ema. Both good looking charts with the weekly particularly exceptional. Both pushed pretty hard outside the bands and realistically looking for the near term averages to catch up. I think we get a period of sideways-ish action here whilst it builds up some energy for the next move. Check out the Morgans link I posted in the other thread for the types of targets some of the professional investors are putting up, from 2 - 4 times these levels over time.

Daily




Weekly