The stock's so thinly traded a hundred shares can move it up or down a point or more. Looks like a rock-solid bottom at 21.25 though. Now sitting in a trading range. But you guys must know how explosive a mix this can be. The only question is...when?
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.
According to my charts (which never lie ;-), RATL stock still appears to be in a long-term downtrend. One might call the recent up an intermediate reaction, not yet a reversal. We'll need to see it break out and hold above 13 to move away from a nascent upside-down head and shoulders base.
Short-term resistance at 13, support at 10. Over and out.