Asked by Imani Devaughn on Jul 24, 2024
Verified
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
Support Level
In technical analysis, this refers to a price level below which a security or market tends not to fall.
Primary Trend
A long-term movement in stock market prices, typically lasting for a year or more, indicating the general direction of the market.
- Ascertain and grasp the principles of support and resistance that influence stock price movements.
Verified Answer
AS
April SpellsJul 30, 2024
Final Answer :
D
Explanation :
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.
Learning Objectives
- Ascertain and grasp the principles of support and resistance that influence stock price movements.
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