ROY - Go Long?
Moniker: jmar
Symbol: ROY
[X] Entry
Duration: Short Term
Direction: Go Long
Comments: found this today, chart shows slow stochastics crossing 50, and it looks like macd signal may cross the macd(9) signal soon, anyway could you look this over, most of the charts i have been watching this year have turned down , it really does look like to me there might be some kind of correction
ROY is in the metals market sector. That sector is starting to run into hard times and that may offer up a good entry point in this stock as it looks as if it's ready to consolidate these gains.
I like the identification of a stock that has been trading for a year or two like this one as that's early enough to get on board but not to late to have missed the bulk of the gains. This one definitely has good characteristics but I wouldn't chase it unless it breaks topside again on volume. More likely it will build out a consolidation region. Currently that looks to be somewhere between $5.75 and $7.25 but the bottom could end up being as high as $6.25 on the bottom side. I definitely appreciate you continuing to share your finds and this definitely looks to be another one that's worth getting on the active watch list.
Symbol: ROY
[X] Entry
Duration: Short Term
Direction: Go Long
Comments: found this today, chart shows slow stochastics crossing 50, and it looks like macd signal may cross the macd(9) signal soon, anyway could you look this over, most of the charts i have been watching this year have turned down , it really does look like to me there might be some kind of correction
ROY is in the metals market sector. That sector is starting to run into hard times and that may offer up a good entry point in this stock as it looks as if it's ready to consolidate these gains.
I like the identification of a stock that has been trading for a year or two like this one as that's early enough to get on board but not to late to have missed the bulk of the gains. This one definitely has good characteristics but I wouldn't chase it unless it breaks topside again on volume. More likely it will build out a consolidation region. Currently that looks to be somewhere between $5.75 and $7.25 but the bottom could end up being as high as $6.25 on the bottom side. I definitely appreciate you continuing to share your finds and this definitely looks to be another one that's worth getting on the active watch list.
posted by Tat | 5/02/2007 05:49:00 AM
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