Stockcharts.com automatically adjusted the dividend payouts when plotting a stock prices. But as we know, support/resistance levels come from the price people bought/sold and the psychology behind their cost levels are remembered and cause people to buy/sell when these levels are revisisted. So the price support/resistance levels in the charts are different from those of the ones people remembed.
Does that cause a distortion of the resistance/support levels and generate buy/sell signals at wrong price levels?