Xcite Energy – something cooking?

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We wondered aloud last weekend whether the price activity in Bowleven last week that resulted in a 20% rise on Friday (since given back of course) and the uncanny similarity between the chart of Xcite Energy would give us a roadmap for price action this week.

Well, right on cue, Xcite is showing individual strength today relative to the wider market and the sector. See chart below – after an initial dip, it seems the buyers are out in force today and the price action is very positive – steadily rising stock price on higher volume. Perhaps news is due once more?

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