Well, I was hoping the price would consolidate for a while when it broke above the trendline and Fib 0.236, but it blasted off to Fib 0.618, instead. Last nights CPI data must have been a major catalyst for this move.
I have bought Virtual at around $0.50 Nov last year and I haven't sold any yet. I am bullish on Virtual and I intend to invest and hold for a while, instead of trading.
I am looking for an entry to buy more. I personally don't think it matters too much to buy it for $4 , $3.80. or $3.50 IF you are to hold it for several months. However, currently the price is hovering around Fib 0.618 which is the area the price often corrects temporarily. Also, two sets of sell orders sitting right above it. The 4H Stochastics has already reached the overbought territory (although it doesn't mean much when the momentum is very strong. It can stay in the overbought territory for a long long time and the price keeps going up.)
What I am going to do is to wait and see how the price will settle during Asian and European a.m. sessions. If the price comes down to Fib 0.382-0.5 level, I will buy more.