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Rational Software Corp. (RATL) Message Board

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  • calebs calebs Dec 11, 1997 10:22 PM Flag

    georgia44 ? Wheres the Big News?


    Here's one way to draw support and resistance lines for RATL:

    1. Draw a 30-degree line across RATL's three intraday highs 10/14, 11/5, and 12/8. You'll see resistance at 13.25 but moving up.

    2. Plot another line almost parallel to the previous one at the bottom of the two cup formations. The trick being not to plot all the way down to the "panic bottom" 10/28. That's your support at 10.25 and moving up.

    3. Watch for breakouts from this channel upside or down. A 3% breakout indicates the price will make a move in the direction indicated by the breakout.