I've mentioned this stock recently on here, but felt that I needed to explain the situation better than I have previously. TRLG, as shown by the 3 year chart posted above, has found support at the 15ish level for close to two years now. In the process, the stock has also hit the same high at 24 three times now. These are conflicting signals. On one hand this chart could be percieved as a triple top to conclude the rally that preceded '06. On the other hand, this pattern could be seen as a consolidation of gains in the form of a sideways channel.
Either way, even though I would lean to the side of consolidation, I believe the stock is worth watching as it comes down to support. As a play on this stock, you could buy at the 15ish level and keep a stop below support. If this support level broke, I would definately think about turning the trade around and shorting the stock.
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