4.) (10 points) Identify a common chart pattern on the following stock price and volume chart...
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4.) (10 points) Identify a common chart pattern on the following stock price and volume chart (prices are the upper candlesticks, volume is the lower bar graph). Identify directly on the chart any support and/or resistance, as well as any other key characteristics of the pattern. Based only on the identified pattern and the current price and volume action shown, would you buy this stock? Why? 88.00 84.00 80.00 76.00 72.00 68.00 64.00 59.20 56.00 52.00 48.00 44.00 40.00 36.00 32.00 28.00 24.00 20.00 4.) (10 points) Identify a common chart pattern on the following stock price and volume chart (prices are the upper candlesticks, volume is the lower bar graph). Identify directly on the chart any support and/or resistance, as well as any other key characteristics of the pattern. Based only on the identified pattern and the current price and volume action shown, would you buy this stock? Why? 88.00 84.00 80.00 76.00 72.00 68.00 64.00 59.20 56.00 52.00 48.00 44.00 40.00 36.00 32.00 28.00 24.00 20.00
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