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:

Wholesaler-sponsored Voluntary Chain

A partnership where independent retailers join together to bulk-buy from wholesalers to get better prices, while maintaining their store individuality.

Administered Vertical Marketing System

A coordinated marketing strategy in which manufacturers and retailers work closely together to promote the sale of products without formal ownership or contractual relationships.

Tall Poppies

Individuals who stand out from others due to their high achievements or qualities but may face criticism or envy as a result.

Cultural Dimension

Aspects of cultures that are measurable and can be compared across different societies, often used in social sciences to understand cultural variability.