Still, the recent choppy and sideways price action is not surprising and is chart consolidation and profit taking from the solid gains posted two weeks ago.
The recent choppy and sideways price action is not surprising, is not bearish, and is chart consolidation and profit taking from the solid gains posted two weeks ago.
Also, stocks will typically consolidate after advancing 20% to 25%, so instead of waiting out the consolidation, I take advantage by reallocating my 20% profit to another stock that is breaking out from a consolidation period or base pattern.