You may be right in the way you look at it but do a ROC,RSI,BB and slow stocastics and you would have known when to buy and sell ... of course knowing something about the company. Do a daily interval 1 year chart and you will see when it hit the bottom BB and the top! You can also see the top trend line and it puts it at .035 by connecting the dots. I am not sure about your charting friend but he must not be that good! You can see when the BB's narrowed and it sprung to life, You can even follow the SS when it curves up etc etc etc.....
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.