Below is a daily bar chart for MSFT for April 28, 1999–June 30, 1999. Much of this chart represents a trading range area.

a. Make a photocopy of this chart and mark the peaks and troughs on the chart.

b. Which of the peaks and troughs that you marked fulfill the two-bar reversal point criterion?

c. Which of the peaks and troughs that you marked fulfill the Gann two-day swing criterion?

d. Draw support and resistance lines (or zones) on the graph.

e. When does a breakout from the trading range occur?

Transcribed Image Text:

90 85 80 75 1 MSFT April 28-June 30, 1999 10 19 28 37