Trade Idea- ROYL (long)

 This is my moving average crossover screen to weed out false whip saw signals associated with moving average crossover systems. As you can see n the price panel, there was a bullish crossover of the 10-day (yellow) above the 22-day (blue) back in June, this signal WAS NOT confirmed and not taken as a long trade because the additional 2 indicators did not give a long signal. My custom indicator in yellow (middle window) did not crossover its moving average and RSI (bottom window) remained below 50, all 3 must confirm like they recently did in white around the start of July. It's typical for pullbacks to stop at the 10/22 day moving average as we see happened recently here, actually, after finding support at the 22-day yesterday, ROYL rallied a bit today.

 The daly 3C chart is looking spectacular as it has gone in to leading positive position as prices formed a "U" shaped base or rounding bottom. The daily chart s one of the strongest signals of accumulation and ROYL is n the right place for it.

 The 30 min chart showed accumulation, a brief run followed by a negative divergence which caused the pullback, there's been a positive divergence since the pullback.

 The 10 min chart confirms the positive divergence on the pullback.

I think ROYL is getting ready to make a move up

I would consider my Trend Channel as a stop as it has held the entire move up thus far, right now it's in the same position as the 22-day s.m.a. This is the stop I would use for the initial entry.