Notable Calls is out this morning with an article on RATE and as is my custom I always look at a stock's chart on several time frames whenever I read about it on Notable. So I pulled up RATE and what I saw was yet another illustration of my many points and I wanted to share it with you.
In the previous post I spoke about dull days and two moves and RATE proves th epoint with a move down and a move up. Interesting enough the move up was off a BOB (red circle) that included a tweezer bottom (arrow) - I like these kinds no matter where they appear on the chart but the fact that it was a bounce off the pivot point just adds to the excitement.
Watch for BOB, watch for the tweezer and keep an eye on the pivot points.
Needless to say I was out playing golf when all of this activity was taking place - but, who knows - today is another day.
Read Notable Calls every day - if you don't you are just pretending.