Pattern - recognition statistical tools are used in technical analysis to:

A) see if the company is slightly overbought but no reversal is expected
B) see if the market is oversold and bullish
C) provide a firmer statistical basis for the identification of buy and sell signals
D) see if the company looks oversold and the outlook is bullish

Question

Pattern - recognition statistical tools are used in technical analysis to:

A) see if the company is slightly overbought but no reversal is expected
B) see if the market is oversold and bullish
C) provide a firmer statistical basis for the identification of buy and sell signals
D) see if the company looks oversold and the outlook is bullish

Quizplus · Accepted Answer

There are many methods that technicians employ to identify shares and the signals to buy and sell.There are also a number of pattern-recognition statistical tools,which are providing a firmer statistical basis for the identification of buy and sell signals.

Pattern - Recognition Statistical Tools Are Used in Technical Analysis