The price of a stock fluctuates between $43 and $60. If the time frame referenced encompasses the primary trend, the $43 price may be considered the ________.
A) intermediate trend level
B) minor trend level
C) resistance level
D) support level

Question

Quizplus · Accepted Answer

The $43 price is the lowest point to which the stock price drops and bounces back up from, indicating that it is a support level.

The Price of a Stock Fluctuates Between $43 and $60