charting question

hi just a question on charting since i dont really look at charts much and dont know how to read them with all the indicators that some people use.

the share price went to a 1.26 from 30 cents over a few days and good announcements it was fast but the announcements i thought gave enough reason for the movement in price. i bought again last friday at 97 cents thought under a $1 was good value at that point leadville was going to be drilled by monday with some announcement saying they were in that zone.

People are saying the share price ran to fast and was always going to come back down which it has done because of delays in reaching leadville but i can see it as a positive just means the zones above were bigger than expected and increases chance to find more gas on the way down to leadville. If on monday they had reached their main target and had released an announcement saying they were in the primary target zone does anyone think the share price would have fallen back down, i was thinking if that had of happened the share price would of been above 1.50 or higher.

So charting and saying the price had ran too fast and was always going to come back as much as it has i wouldnt of thought would happen if that news was announced as people were expecting last week.

Am i wrong in thinking that way and was the price going to always come back no matter what news came out?

Thanks would like to hear peoples opinions on this question as i dont have much understanding of charting.