A Support Level Is the Price Range at Which a Technical

question 6

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.
• E) price of a stock to fall.

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Definitions:

Quantitative Variables

These are variables that represent numerical data which can be quantified or counted, allowing for mathematical operations to be performed on them.

Stemplots

A graphical method of displaying quantitative data, typically used to show the distribution of smaller datasets.

Histograms

Histograms are graphical representations of the distribution of numerical data, where the data is divided into bins or intervals, and the frequency of data points in each bin is depicted by the height of the bar.

Leaf

Typically refers to the green, flat structure attached to a stem or branch of a plant, involved in photosynthesis.