Which of the following statements is true?
A) At a support level, the technician would expect an increase in the demand for a stock.
B) At a resistance level, the technician would expect any price increase to reverse abruptly.
C) At a resistance level, the technician would expect an increase in the demand for a stock.
D) Choices a and b
E) All of the above.

Question

Quizplus · Accepted Answer

At a support level, demand increases as the price is considered attractive, leading to potential price increases. At a resistance level, prices tend to reverse as selling pressure increases, making choices A and B correct.

Which of the Following Statements Is True