You recently heard a news announcer state that the market is approaching its support level. Which one of the following is the best interpretation of that statement?
A) The market is approaching the lowest level that it is reasonably expected to reach.
B) The federal government will step in to help the market retain its value should the market slip much further.
C) The market is almost at a peak and is expected to start declining in the near future.
D) The market is almost to the point where trading will be suspended temporarily.
E) The market is almost equivalent in value to the international markets so price stabilization is expected.
Correct Answer:
Verified
Q52: What is the primary purpose of Dow
Q53: According to technical analysts, pricing patterns such
Q54: For the past year, a particular stock
Q55: Investors who use the MACD indicator as
Q56: If you are a proponent of the
Q58: If the closing tick of the day
Q59: Assume the 50-day moving average is currently
Q60: Which one of the following Arms values
Q61: Given the following information, what is
Q62: A survey of 54 of your fellow
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents