When upthrusts fail its usually a sign that the stock has not been re-accumulated yet and so is not yet ready to be marked up. Excess supply is now being absorbed with a clear supply line developing on the right hand side of the range since the upthrust. Springs on high volume off the bottom of the range indicate there is still buying support, there's a possibility for one more spring off the bottom of the range to happen (ie down to 60-60.5c), but the trading range is indicating reaccumulation in advance of a further rally (probably based on the next set of results whenever they come out.
IFN Chart, page-74
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