EZ-PnF V2.2 Sample chart of HBAN(06/07/99):

Notes:

• The chart is a 3 box reversal Point and Figure chart.
• The chart is based on daily high and daily low prices.
• The chart is a scaled per  the 'Traditional/Chartcraft'  definitions.
• Two possible resistance prices and three possible support prices are shown, as well as the support/resistance lines.
• A 'resistance' or 'support' point is a price where an issue's upward or downward price movement may 'stall'. The ultimate result of the 'stall' may be either a continuation or a reversal of price movement, depending on whether there are more or less sellers than buyers at the specific price point.
• HBAN is trading within an overall bullish trading channel. Currently, HBAN has given a third consecutive p&f 'BUY' signal. HBAN is currently hitting resistance point R1 ($37). The current vertical count price objective is $37. If R1 is broken on significant volume then R2 will be the next resistance area. R2 is at $46. The V2 secondary vertical price objective is $45 and the H2 horizontal price objective is at $46. If R1 holds, then HBAN may trade down to S1 which has been a 'firm' intermediate bullish support line since August 1992.  Support may also be seen at points  S2 or S3.  Support point S3 must hold to preserve the overall bullish trading channel.