In Relation to Technical Analysis,a Support Level Is

question 89

Multiple Choice

In relation to technical analysis,a support level is:

• A) a level beyond which the market is unlikely to rise.
• B) a level below which the market is unlikely to fall.
• C) an equilibrium price level supported by earnings and cash flows.
• D) the complete cycle of a market wave.

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Definitions:

Indifference Curve

Represents combinations of two goods that provide the same level of satisfaction to a consumer.

Indifference Curve

A graph showing different bundles of goods between which a consumer is indifferent, representing equal levels of utility or satisfaction.

Midterm Grade

An evaluative score or feedback given to students at the midpoint of an academic term, reflecting their performance thus far.

Monotonic Preferences

Preferences that are consistent in their direction; that is, if a consumer prefers bundle A to B, they will not prefer B to A under any circumstances.