_________ below which it is difficult for the market to fall.
A)An intrinsic value is a value
B)A resistance level is a value
C)A support level is a value
D)An intrinsic value and a resistance level are values

Question

Quizplus · Accepted Answer

A support level is a price point or range below which it is difficult for the market to fall, because there is a strong demand for the asset at that price. It represents a level where buyers are willing to enter the market and purchase the asset, thereby providing support to its price. In contrast, an intrinsic value is the perceived or calculable value of an asset based on its fundamental attributes, such as earnings, assets, and growth potential. A resistance level is a price point or range above which it is difficult for the market to rise, because there is a strong selling pressure on the asset at that price. Therefore, only C is a value that represents a level that provides support to an asset's price.

_________ Below Which It Is Difficult for the Market to Fall