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Maybe a little ot; but I found actual news (AND A NEAT CHART) about TRE on the url

This TRE is Poised for Growth
BY JEFF WHITE | OCTOBER 15, 2010 | 12:18 PM | 0 COMMENTS
Symbols: TRE

Following a rally of this magnitude in recent weeks, it's downright difficult to locate good setups and mature bases. The nonstop nature of the run from the August lows has allowed few stocks to consolidate for more than a few days at a time. The relentless pursuit of higher prices has been reflected not only on the index charts, but for individual names as well.

The current advance has continued for weeks now without a meaningful correction. At some point that will change, but for the time being, we still have yet to see any technical proof of a turn downward. Important resistance zones from the spring have been reached, and the pace of the run has slowed, but the trend is still up - for now.

With that being the case, my intention as a trader is to respect the current trend. Bearish charts can still be found (just as bullish charts can be found within market corrections), and can be traded, but to keep the proverbial "wind at your back" right now involves the long side.

One setup I'm watching here is TRE, a stock in the metals & mining sector which focuses primarily on exploring for gold. The stock has trended higher since November 2009, and the pace has picked up since early last month. Over the past few weeks, the stock has put in some needed rest, and it's done so in a very healthy fashion. Rather than giving back any ground, we've seen the dips get shallower while overhead resistance has remained constant. This has created a very clean ascending triangle pattern, which brings forth a breakout candidate if resistance can be cleared.

Two trend lines outline this pattern. The lower rising trend line currently stands at $7.15, and if we see a close under that level, it would negate this pattern. The upper lateral trend line currently stands at $7.50, and a move beyond that would constitute a breakout.

I'm watching for a breakout at $7.50, and will look to enter a position upon the break of that level (taking no action until then). A breakout would serve as confirmation of this bullish pattern, but that's the next step we need to see in order for this one to begin the next leg higher.

Here's a chart of TRE for a closer look:

I heart the "greenfaucet" name
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