Frat .035 is the 50 day SMA. Maybe that is why he thought it would be resistance and the fact it was been the high on 4 other ocassions in the recent past. But mostly due to the 50 day SMA.
A little while back we had a tough time breaking through a wall at .03, today BIGN sailed through it. When the fundamentals have lots of potential maybe TA doesn't have as much impact.