ROYL - Royale Energy, Inc.

[acinvestor]

The stock has appeared recently on my blog for a potential move higher. Looking at thechnical chart, you can see for yourself that the recent gains have come on relatively strong volume. Other factors that are in favor of a move higher is the technical indicator On Balance Volume ( OBV ) and the the Relative Strength Index (RSI) . In addition, the stock is trading above both 50 day and 200 day moving average and MACD is above 0 showing positive momentum.

ROYALE ENERGY INC. -.jpg

[acinvestor]

Volume Alert on ROYL ! The stock broke out of a range on Wednesday as the stock closed up $.11 on the day. Volume was huge !!! Seeing the moving averages above I analyse that the stock is now above its 50-day and 200-day moving averages. If it sustain we may see more rise in the stock in the next few days. I like the stock for the long-term. ROYL hit a high of $2.58, which is resistance for the continuation move. If I am correct than today's market on ROYL suggests that it could go in one direction: UPWARDS!

sc.jpg

[greencat]

ROYL making an up move with a gap. The lower chart shows the area I will be looking at to see how it reacts. If it continues to break up then I will let it go because it to risky of an entry.

ROYL Chart