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:

Embryos

Early developmental stages of animals or plants prior to birth or hatching.

Species

Group of organisms that can interbreed.

Gestation

The period of development from the fertilization of an egg to the birth of an organism.