ER eBook Problem 5-08 Currently, Charlotte Art Importers is selling at $22 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 Price Date Price Date 4/18 4/1 32 5/3 26 4/4 Price 1 222 271 27 27 4/19 5/4 4/5 4/6 4/20 4/21 343 36 az 372 35 5/5 5/6 4/7 4/22 5/9 284 29 1 253 27 271 278 274 288 291 4/8 4/25 34 5/10 4/11 4/26 5/11 292 4/12 316 344 32 4/27 5/12 4/13 31 4/28 315 5/13 285 Choose the correct point-and-figure chart where Xs are used for uptrends and Os are used for downtrends. The correct chart is -Select- 33xo A.39 B.39 C.39 D.39 38 38 38 38 37XO 37 37 37 36XO 36XO 36 36 35xo 3570 35 35 34XO 34XO 34XO 34 33xo 33xo 33 XO 32XO 32XO 32xo 32 XO 31xo 31XO 31XO 31 XO 30%O 30%O 30%O 30 XO 29XOX 29X0 29XOXO 29XOXO 28XOX 28XO 28XOXO 28XOXO 27XOX 27XO 27XOXO 27XOXO 26Xox 26XO 26XOXO 26XOX 25X 25Xox 25XOX 25XOX 24X 24XOX 24XOX 24XOX 23x 23XOX 23X 23XOX 22x 22XOX 22X 22XOX 21 21 OX 21 21 OX 20 20 20 20 OX 19 19 19 19 OX 18 18 18 18