TRE Symmetrical Triangle Stock Chart
By Johns Wu on Aug 10, 2006
TRE, Tanzanian Royalty Exploration Corp., is forming a symmetrical triangle stock chart pattern.
Keep it on your watchlist for a breakdown and breakout, whichever one happens.
5 Responses to “TRE Symmetrical Triangle Stock Chart”
I checked the weekly chart for TRE and MACD, OBV, RSI all are pointing downwards, does it eman more probability to break on downside!!!
yeah the gold sector stocks probably all look similar right now.
no idea how to predict which way a stock will break in a symmetrical triangle, however it indicates it may retest the lower trendline soon.
regardless of the macd and other indicators pointing down, i think TRE will break out strongly in the upside when conditions are met for this guy to move. the chart for gold is very bullish. keep that in mind. i’d pick up shares on weakness.
If you’re trading this stock, you need to make up your mind. There’s no consistency. Wizetrade warns away.
Leave a Comment
Recent Blog Posts
- Stocks Near Long-Term Resistance
- Is There Anybody Out There?
- What to do about Nucor
- Shortcake ?
- Putting it to the X
- Why it's NOT time to Short Apple and Visa
- Follow Up on WLT
- JPM
- Stashing Cash in Savings Accounts
- Shorting V
- USO Stock Chart (Short Oil?? Call me crazy)
- Throwing out the Chart on AMZN
- Walters Industries
- Mastercard Again
- D R Horton
- EMC
- Broadcom
- Covance
- RIMM
- Cat Stock Chart
- Turning $5,000 into $400,000..UNREAL
- Resistance Broken!
- Best looking chart seen in a while (MELI Stock Chart)
- WSCI - WSI Industries Inc
- Resistance Holding up
- Dont fight the trend. (MOS Stock Chart)
- UTVG - Universal Travel Group
- Havent Done Your Taxes Yet??
- Mastercard
- Costco
Subscribe
   |
 |
I think you will see a number of gold stocks with similar patterns. I think they all will shoot up after the break out. Do you agree?