Medi Assist Healthcare IPO
Explore
Point and figure charting, a technique developed in 1947, utilizes a default boxsize of 0 and a reversal of 3. The boxsize, set at 0, determines the range of box values, which can be anywhere from $.25 to $2 depending on the price of the issue. The reversal of 3 indicates that an X column will transform into an O column when the price falls at least three boxes below the highest X in the current column. Conversely, to switch from Os to Xs, the price must rise three boxes above the lowest O in the current column.
