3. Problem 5-08 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: Price Date 4/1 4/4 4/5 4/6 4/7 4/8 4/11 4/12 4/13 A.39 38 eBook 5.39 38 37 Price 22 27 37X0 36X0 36X0 27 27 282 29 29 318 31 Date 4/18 4/19 4/20 4/21 4/22 4/25 4/26 4/27 4/28 Price 32 341 37 35 32 317 Date 5/3 5/4 5/5 5/6 5/9 5/10 Choose the correct point-and-figure chart where Xs are used for uptrends and Os are used for downtrends The correct chart is Select Select Chart A chart B chart C chart D 36 5/11 5/12 5/13 292 201