XRF Charts, page-13

Good Analysis,

I few points I can add:
The recent downtrend was more then I expected (normally expect 50% retrace from low to high)
There has been widespread commentary/knowledge about reductions in drilling value/ explorers financing,
I think this contributed the the extent of recent price declines.

I was considering adding more at the recent low prices, but the downtrend did not seem to have bottomed.

The recent rise is a surprise to me, because the significant rise has not been associated with any public info or sentiment.
Its a very significant rise over a short term, so I think it could be driven by either:
1 Insider info on positive info, which could result in longer term value/price
2 one or more brokers/tipsters/analysts creating more demand

Currently I am open to the future direction of the share price, I think it is range trading; could breakout on the upside of the range, or could revert back into the range, as shown on your chart.

If I were to bet, I would expect it to revert back into the range. If it breaks on the upside, I would not be selling.