A price range at which technicians would expect a substantial increase in the demand for a stock is called
A) demand threshold.
B) resistance level.
C) support level.
D) resistance limit.
E) technical restraint.

Question

Quizplus · Accepted Answer

Support level is the price range at which demand is thought to be strong enough to prevent the price from declining further. This concept is based on the idea that as the price of an asset approaches this level, buyers become more inclined to buy and sellers become less inclined to sell, leading to an increase in demand and a potential reversal in the downward trend.

A Price Range at Which Technicians Would Expect a Substantial