Technical analysts look for stock price patterns which

Question

Quizplus · Accepted Answer

Technical analysts analyze stock price patterns to predict the possible price trend of the stock. They use historical price data to identify patterns or trends that can indicate where the stock may be headed in the short term. These patterns can be useful in making buy or sell decisions. Option A is incorrect because rapidly changing P/E ratio doesn't necessarily indicate a price pattern. Option C is incorrect because illiquid trading and small volume is not related to price patterns. Option D is incorrect because price patterns don't directly indicate higher profits.

Technical Analysts Look for Stock Price Patterns Which