Which of the Following Is not Considered an Assumption of Technical

question 20

Multiple Choice

Which of the following is not considered an assumption of technical analysis?

• A) Market value is determined solely by supply and demand.
• B) Supply and demand are governed by both rational and irrational factors.
• C) Security prices tend to move in trends that persist for an appreciable length of time.
• D) Stock prices follow a random walk.
• E) Changes in trend are caused by the shifts in supply and demand relationships.

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Managers

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