Which of the following statements is true?
A) At a support level, the technician would expect an increase in the demand for a stock.
B) At a resistance level, the technician would expect an increase in the demand for a stock.
C) At a resistance level, the technician would expect any price increase to reverse abruptly.
D) Choices a and c
E) All of the above

Question

Quizplus · Accepted Answer

At a support level, demand for a stock typically increases, preventing the price from falling further (A is true). At a resistance level, prices often reverse as selling pressure increases, preventing further price rises (C is true).

Which of the Following Statements Is True