ROYL is forming a bullish MACD divergence

Looks like ROYL is down almost 4% today. Isnt that funny, that a day after QE2 and every other stock in the world went up, that this stock is one of the few that actually went down? A day that the dow hit the highest levels since 2008? You could've thrown a dart at the newspaper and made more money than with this stock.
 
+20% on Friday !!!! $7.90 is now around the corner.... Technical view : "From a technical standpoint, the stock gapped up and broke out from a short term resistance line of $4.16. The increase in volume hopefully would bring the price up to its previous high of 7.90. In addition, MACD just crossed above signal alerting everyone in the market that ROYL has momentum back on its side. Trend change ! I'm using today’s high of $4.86 as resistance for Monday. A break above that area could trigger further bullish momentum towards $5. So, with the gaining momentum and focus turned towards ROYL, lets continue watching the action unfold in the coming week !"

Source : AC Investor Blog ( this mentioned again this stock on twitter at $3.60 when I bought it ).....
 

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