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Currently, Charlotte Art Importers is selling at $25 per share. Although you are somewhat dubious about technical analysis, you want to know how technicians
Currently, Charlotte Art Importers is selling at $25 per share. Although you are somewhat dubious about technical analysis, you want to know how technicians who use point-and-figure charts would view this stock. You decide to note one-point movements and three-point reversals. You gather the following historical price information: Date: 4/1 Price 25 Date Price Date Price 4/18 35 5/3 32 4/4 28 4/19 5/4 32 4/5 29 4/201 32 5/5 31 4/6 30 4/21 30 5/6 30 4/7 4/22 28 5/9 4/8 32 4/25 27 5/10 4/11 4/26 5/11 4/12 4/27 31 5/12 4/13 37 4/20 5/13 Choose the correct point-and-figure chart where Xs are used for uptrends and Os are used for downtrends The correct chart A.42 8.42 CA2 0.42 41 41 41 41 40x0 40 40 40 39x0 3900 3 39 3800 38X0 30 38 37x0 37x0 37x0 37 36x0 36x0 36 35x0 3500 3500 35 3400 3400 34 33x0 33x0 33 XO 32X0X 32X0 32XOXO 32XOXO 31X0X 31x0 31x0x0 31xoxo 29x0x 29x0 28X 29 2900 28X0X 28X0X 20X0X 27% 27x0X 27XOX 27XOX
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