A resistance level differs from a support level in that
A) at a resistance level most investors would hold stock until the price improves; at a support level a stock becomes overvalued and investor interest is likely to decrease.
B) at a resistance level the analyst would expect a substantial increase in the demand for a stock; at a support level the analyst would expect a substantial decrease in the demand for a stock.
C) at a resistance level most investor would sell a stock; at a support level most investors would be willing to purchase a stock.
D) at a resistance level, the technician would expect to an increase in demand for a stock.
E) none of the above.
Correct Answer:
Verified
Q68: Some technical analysts use Fibonacci numbers to
Q72: Advances and declines are associated with market
A)
Q74: Fibonacci numbers are:
A) numbers which never seem
Q75: If a stock's price remains relatively stable
Q76: If you are an advocate of the
Q78: On a graph depicting a head and
Q79: On an open-high-low-close chart, the price channel
Q80: If the advance/decline line is _ the
Q81: Given the following information, what is
Q82:
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