Wednesday, June 18, 2008
Royale Energy (ROYL) Preparing For High Volume Breakout To New Highs...
We have added to our ROYL position here at $9.26 as the stock looks prepped for a high volume breakout to the upside today or tomorrow. Note that ROYL is flagging exactly as it did in the $5s just before it broke out to the $11s. We are looking for a similar breakout here to new highs +$11.30 shortly. Note that nat gas prices are showing remarkable relative strength versus crude, with nat gas continuing to make new highs even in the face of any short term weakness in crude.
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7 comments:
I've never seen such perfection, this is just amazing to watch! This is by far the blog of the year!
Nos. You are amazing. There is no doubt this is the blog of the year.
where did you learn how to pick and quite literally see the future?
Also, would you like a job? ;)
Hey NOS,
Nice call today!! just curious when you will be taking some off the table? 11+?
Eric, much higher than 11.
You're the shiznit.
NOSTRADAMUS!! i bought at 11.9 and i'm now losing my shirt!!! i hate you!! jk. seriously though, royl give any time frame when they'll let us know about the size of their fields?
Hey NOS...Nice Call!...I'm in at an average of $9.63...so after today's selloff action I'm down a bit...am I still OK with that price?...you mention not taking any off the table until it's 'much higher than 11'...I take it that still stands and I just need to ride out a day like today and be patient...
Thanks in advance for your reply,
-Kent
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