By Zak Mir | Saturday 16 May 2015
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Given the solid looking recovery on the daily chart for shares of Xcite Energy towards the end of April in the wake of the break above the 50 day moving average then towards 30p, it can be said that disappointment is in the air as far as those who were looking for a lasting recovery here.
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