A Support Level Is the Price Range at Which a Technical

question 10

Multiple Choice

A support level is the price range at which a technical analyst would expect the

• A)supply of a stock to increase dramatically.
• B)supply of a stock to decrease substantially.
• C)demand for a stock to increase substantially.
• D)demand for a stock to decrease substantially.

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Definitions:

Magma Chamber

A large reservoir in the crust or mantle that is occupied by a body of magma.

Sedimentation

The process by which particles settle out of a fluid, leading to the accumulation of solid material on the floor of a water body or other surface.

Hot Springs

Natural pools of water that are heated geothermally from the Earth's interior, often found in volcanic areas.

Geothermal Power

The generation of electricity using the heat from within the Earth's crust, often harnessed at volcanic or tectonic plate boundaries.