Which One of the Following Statements Is Correct Concerning an Open-High-Low-Close

question 17

Multiple Choice

Which one of the following statements is correct concerning an open-high-low-close bar chart?

• A)The prices indicated by the two horizontal lines are the maximum and minimum daily prices.
• B)The upper trendline indicates the support level.
• C)If the overall price movement is downward, the lower trendline is called the channel line.
• D)If the overall price movement is upward, the upper trendline is called the head line.
• E)The final price of the day is indicated by a horizontal line to the left side of the vertical line.

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Definitions:

The Wealth of Nations

A seminal book by Adam Smith that lays the foundations of classical economics and discusses the division of labor, productivity, and free markets.

Adam Smith

An 18th-century Scottish economist and philosopher, often considered the father of modern economics, best known for his work "The Wealth of Nations."

Specialization

The process by which individuals, businesses, or economies focus on producing a limited range of goods or services to gain efficiencies.

Total Output

The total amount of goods or services produced by an economy or firm within a specific period.