According to chartists, a breakout below a support level
A) is a sell signal.
B) is a signal that the market is stagnant.
C) is a buy signal but only for value investors.
D) is a buy signal.

Question

Quizplus · Accepted Answer

A breakout below a support level is considered a sell signal by chartists because it suggests that the price may continue to fall, breaking past levels where it previously found buyer support.

According to Chartists, a Breakout Below a Support Level