This pullback is very healthy.

Initial resistance was at $2.55 with strong support iin the $2.30 area - once through $2.55, traders took it a bit too far too fast. Now we get some healthy consolidation and another attempt at getting through the $3.40 - $3.60 area which appears to be a long term zone of resistance.

If we see $2.40 again I'd dump it....$2.75 -$2.80 is good.

 

Cheers