ROYL popped last week and has demonstrated strong buying interest and support since then.
The decision to take profits on 1/2 our position is in somewhat due to a prior experience with this stock.
Note the candles with the relatively long "stems" and smaller bodies. There was a huge one when ROYL exploded to $4.12 only to come back to earth and settle at around $3.40.
This is an important concept in the "10 Commandments of Trading" that's available on the webiste..
"Know your stocks behavior"...
Anyway, we still like the present formation and will be looking to take advantage of similar breakouts in the near future..**7/8) Which we did and now have a nice sized position.**
If anyone has questions about what they see on my annotated charts or what's covered in these posts, please reach out to either myself or Warren..who can be found on Live Chat(bottom right of website) throughout the day.